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99.3% of x402 agent payment volume settled in USDC last quarter, per Circle's own Q2 numbers. The measured agent economy is running on one issuer's balance sheet. That is a concentration risk, and it is separate from the settlement question. A payment can clear and the counterparty can still fail to deliver. Yellow handles escrow, clearing and dispute resolution independent of which asset settles the payment.#PCEToJacksonHole #AIMonetizationBroadens #BTCOptionsExpiryTest