Kite and Circle Team Up to Build AI Agent Payments System on Arc

Kite, a payment infrastructure project for artificial intelligence agents, is teaming up with Circle to create an Arc-based AI agent payments system. This new system will enable AI agents on Arc to perform various tasks, including service discovery, price negotiation, transaction execution, and verification of services delivered. The AI agents will also be able to make USDC payments through the Arc network.

Kite will oversee service contracts and delivery processes, while Circle's layer-1 blockchain, Arc, will serve as the USDC payment and settlement network. This partnership aims to streamline transactions for AI agents by providing a secure and efficient way to handle service-related tasks.