The Rundown Circle CFO On Why Stablecoin Growth Is Defying the Crypto Bear Market
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Mar 22, 2026 Jeremy Fox-Geen, Circle CFO who led USDC’s growth through Circle’s public listing, explains why digital dollars keep expanding even as crypto dips. Short takes cover cross-border payments, remittances, and everyday payments running under the hood. He also outlines agentic commerce where AI agents transact and how stablecoins could power an internet-native financial stack.
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Stablecoins Are Internet Native Dollars
- Stablecoins are a digital dollar that exists natively on the internet and act as a bearer asset you hold in a wallet.
- USDC ($79B) enables near-instant, near-free transfers that remove traditional frictions for trading, remittance, and cross-border business payments.
Real Users Drive Stablecoin Growth Not Just Traders
- Major use cases beyond crypto trading include global users holding dollars and cross-border payments like remittances and business supplier payouts.
- People in countries with weak currencies use USDC as an accessible dollar store-of-value and businesses save time and fees on international flows.
AI Agents Will Need Native Internet Money
- Agentic AI commerce will require internet-native money for autonomous value exchange between code agents.
- Jeremy expects AI agents to transact rapidly and micro-pay each other using stablecoins as the native medium of exchange.