Kite Teams Up With Circle to Build Arc-Based AI Agent Payments System
Summary
- Kite said it is building an AI agent payment infrastructure based on Arc in partnership with Circle.
- The two companies said they are developing a system that will allow AI agents to handle service discovery, price negotiation, transaction execution, service delivery, verification and USDC payments.
- Kite said it will oversee service contracts and delivery, while Arc, Circle's layer-1 blockchain, will serve as the USDC payment and settlement network.
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Kite, a payment infrastructure project for artificial intelligence agents, is partnering with USDC issuer Circle to build an Arc-based service transaction system for AI agents.
BlockBeats reported on September 18 that Kite and Circle are developing a system that will allow AI agents on Arc to search for services, negotiate prices, complete transactions, deliver and verify services, and make payments in USDC.
Kite said the transaction process will be supported by the Kite Seller Console and the Kite Agent Passport. Sellers can set service prices, delivery deadlines and verification conditions, while buyers can approve payments within preset spending limits. Once service delivery is confirmed, funds held in escrow are released.
Kite will manage service contracts and delivery processes, while Arc, Circle's layer-1 blockchain, will serve as the USDC payment and settlement network.
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