Sean Neville, CEO of Catena Labs and co-founder of Circle, has announced the creation of a regulated financial institution that will utilize artificial intelligence as a foundational element. The initiative has secured $18 million in funding led by Andreessen Horowitz (a16z) Crypto. Catena Labs contends that traditional financial systems are ill-equipped to integrate AI technology, which is becoming increasingly central to economic transactions. The company aims to address the limitations of current systems, which they describe as slow and costly, by establishing an AI-native infrastructure that facilitates efficient transactions for both AI agents and humans. Moreover, Catena Labs has introduced the Agent Commerce Kit (ACK), an open-source framework aimed at enhancing agent identity verification. In connection with their operations, the firm emphasizes the advantages of regulated stablecoins like USDC, that are said to enhance transaction efficiency and unlock new economic models for AI agents.

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