• Circle’s Jeremy Allaire said “the agentic economy has arrived” on Saturday, after an AI agent produced a SpaceX IPO memo for $1.87 in USDC.

• Coinbase product lead Nick Prince showed how an AI agent analyzed SpaceX’s S-1 filing and purchased live market data autonomously using USDC on Base.

• Tether Chief Executive Paolo Ardoino previously predicted trillions of AI agents would eventually transact using Bitcoin and stablecoins.

Circle (CRCL) Chief Executive Jeremy Allaire said “the agentic economy has arrived” on Saturday after an artificial intelligence (AI) agent generated a detailed SpaceX (SPACE.X) initial public offering (IPO) memo for just $1.87 in USD Coin (USDC).

Allaire highlighted the experiment as an example of stablecoins functioning as a native payment infrastructure for AI systems. His comments came as a response to Coinbase (COIN) product lead Nick Prince’s demonstration of an AI workflow that independently purchased live financial data using USDC on Base and compiled a full SpaceX investment committee memo in roughly 12 minutes.

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According to Prince, the AI agent analyzed SpaceX’s S-1 filing and completed the process through six paid Application Programming Interface (API) calls for $1.87 in USDC, without relying on traditional Bloomberg terminals, which cost “$24,000 a year,” API subscriptions, or manual analyst work.

Simply put, accessing premium data APIs typically requires creating an account, providing a credit card, and agreeing to the terms of service. Here, the AI agent made its own payments autonomously, in tiny amounts ($1.87 across 6 calls), using programmable money.

The memo included valuation models, debt analysis, underwriting conflicts, governance risks, and long-term projections tied to SpaceX’s IPO. The report ultimately gave SpaceX a “HOLD” rating while highlighting concerns around xAI losses, debt obligations, and Elon Musk’s concentrated control over the company.

Circle’s stock was down by 0.56% during after-hours trading. On Stocktwits, the retail sentiment around CRCL remained in the ‘bearish’ zone, while chatter around it moved to ‘extremely low’ from ‘low’ over the past day.

Stablecoins Meet Autonomous Finance

Prince argued the workflow demonstrated how stablecoin-based payment rails could lower the cost of institutional-grade financial analysis by allowing AI agents to directly access and pay for financial data in real time.

The demonstration also added to a growing push across the crypto industry to position stablecoins as settlement infrastructure for machine-to-machine transactions and autonomous internet services.