AI will become the biggest user of stablecoins, Novogratz says
Michael Novogratz, founder and CEO of Galaxy Digital, believes AI systems will soon dominate stablecoin transactions.
In an interview with Bloomberg Television, Novogratz said artificial intelligence will soon drive the largest use cases for stablecoins. The conversation took place while the executive was attending the Goldman Sachs Asia Leaders Conference in Hong Kong.
According to Novogratz, in the not-so-distant future, AI agents will carry out financial transactions with stablecoins based on users’ instructions. For example, a user may tell their grocery agent to make purchases, and it would complete them using digital currencies.
Novogratz says that while he’s not sure if this scenario will happen in one year or five, he believes it is the future. On US crypto policy, he pointed to progress such as the approval of the stablecoin regulation framework, the GENIUS Act. He also highlighted the market structure bill, which he expects to pass in late 2025 or early 2026. The proposed legislation would establish rules for how cryptocurrencies are traded and regulated in the United States.
As US regulators take a more crypto-friendly approach, other countries will follow, Novogratz predicted, given America’s role in the global economy. The Galaxy CEO cited SEC chair Paul Atkins, who said every financial market will eventually move onchain, and noted that the previous administration and Gary Gensler would never have taken such a stance.
Galaxy Digital, founded by Novogratz in 2018, has been expanding across several parts of digital assets and AI infrastructure. In August 2025, the company launched a EURO-pegged stablecoin on Ethereum, called EURAU. Later in the same month, it raised $1.4 billion in debt to turn its Helios Bitcoin mining site into a high-performance computing (HPC) data center.
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