Apollo’s Torsten Slok warns AI cash-sweeps could erode banks’ cheap deposits
He points to a 0.1% checking average versus 3.3%–5% alternatives as stablecoin rails like x402 enable agent payments.
He points to a 0.1% checking average versus 3.3%–5% alternatives as stablecoin rails like x402 enable agent payments.
The warning lands as lawmakers revisit whether stablecoin yield should be constrained in a revived Clarity Act after its Sept. 15 setback.
The probe follows a June access of non-public health-portal files and a Sept. 10 notification that drew criticism from PM Albanese.
Coinbase expanded AI agents to 6,000+ stocks as BlackRock pitched stablecoins and tokenized compute as “machine-native” rails.
The lab says the attempts failed but activity may have persisted through Sept. 16 and possibly Sept. 20, after OpenAI’s Aug. 18 controls.
The Linux Foundation-hosted standard targets autonomous payments for APIs, data, and digital services.
“The Machine-Native Economy” argues cards and bank transfers cannot meet machine-speed settlement needs and flags x402 as an early integration surface.
Its paper also pitches tokenized compute as a longer-dated market that still lacks standardized, liquid contracts.
Internal metrics at Anthropic and OpenAI point to automation that compresses safety windows and raises policy and security tail risk.
The 2026-09-20 piece argues it is dangerous to let AI “patrol its own frontier” as systems push toward self-improvement.
Coinbase counts 69,000 active agents and 165 million x402 transactions, while Ripple’s XRPL streaming pitch waits on an unscheduled upgrade.
The MAS-convened BuildFin.ai effort targets identity and authorization for AI agents initiating payments across networks.
Michael Heinrich points to NIST’s 2024 standards and U.S. 2030–2031 deadlines as the migration window tightens.
One tool is built for GET-only sandboxes, the other for one-line curl reporting with optional public flags.
The incident lands as Trump calls existential AI-risk fears a “hoax” and U.S. leaders split on guardrails vs speed in the China race.
A Sept. 8, 2026 launch post, surfaced in a Sept. 14 summary, frames the wallet as MCP-operable agent tooling.
He argues AI is pulling liquidity from crypto while raising exploit risk and security costs that could centralize DeFi.
Traders mapped “slower model progress” rhetoric to softer near-term demand for accelerators and memory.
Altman backed pacing over stopping, while AI-linked Asian equities sold off and Washington framed the issue as a China race.
The study reviewed 198.9 million settlements since May 2025 and found USDC made up 99.6% of settled value.