Circle’s Co-Founder Drops AI-Powered Finance Bomb—And a16z Is All In
Another day, another ’revolutionary’ fintech platform—except this one’s got Silicon Valley’s golden child, a16z, writing checks. The pitch? An AI-native system that supposedly does everything but brew your morning coffee.
Active verbs only? Check. The platform slashes processing times, bypasses legacy banking bottlenecks, and—of course—’democratizes finance’ (because what doesn’t these days?).
Here’s the kicker: it’s backed by the same folks who brought you crypto winters and NFT monkey jpegs. What could go wrong?
Bitcoin Market Patterns Suggest Another Consolidation Phase May Be Near
To address this, Catena Labs is building a system where AI can act as financial participants using “AI-native” money like stablecoins—specifically highlighting USDC for its low-cost, instant transaction capabilities.
The firm also released its first major open-source tool, the Agent Commerce Kit (ACK), a framework designed to verify agent identity and support secure transactions between humans and AI.
The project is rooted in a future where digital agents don’t just assist humans—they execute commerce on their behalf, powered by money that moves at machine speed.
