BlackRock: AI demand for stablecoins, tokenized compute ‘underappreciated’

BlackRock framing stablecoins as AI-agent infrastructure, rather than purely a payments or trading tool, shifts the demand story toward machine-to-machine settlement that does not depend on retail cycles. That matters because it puts the world's largest asset manager's research voice behind a use case still treated as speculative by much of traditional finance. Tokenized compute is the more novel claim, and the harder one to verify. Whether AI-linked demand becomes measurable in on-chain flows, rather than remaining a narrative, is the open question.