AI agents could put $160B in banking revenue at risk — What about stablecoins?

Banks spent the last year guarding their vaults from stablecoins, and for the most part, they won. Turns out, the bigger threat might be on your phone. Stablecoins knocked, AI agents might not bother A year ago, GENIUS Act-backed stablecoins were supposed to drain money from banks. In all honesty, there was much to play for. $19 trillion in US deposits, and another $14.5 trillion in dollar deposits held abroad. It hasn’t really played out that way though. Circle [CRCL] is now valued at about $22 billion; that's about 60% below where it was at June last year.