Many people might not know this, but A16Z values stablecoins the most in the crypto space. They once went all-in on Libra, but after facing regulatory pressure, they still heavily invested in stablecoin-related projects like MKR. For CRCL, they indirectly hold shares through COINBASE. At the same time, they led the investment in the AI AGENT project Catena Labs, co-founded by CRCL. This project and CRCL are closely tied, with CIRCLE also participating in the seed round. The founder remains a board member of CIRCLE. The project focuses on AI AGENT + crypto, and the co-founder publicly stated that it will support Circle's ARC chain. Additionally, A16Z invested in the privacy-focused stablecoin project ALEO in the crypto space. ALEO uses USDCx, which directly wraps USDC, helping USDC gain adoption in enterprise use cases that require anonymous stablecoin transactions (e.g., payroll). Previously, I summarized CRCL in three points: 1. Stablecoins are the second growth curve for the U.S. dollar and U.S. Treasury bonds. 2. Compliant stablecoin companies represent the strongest business model in history, as they are the first to share a portion of seigniorage! 3. The U.S. government and the Genius Act are the biggest distribution forces for compliant stablecoins. Now, in A16Z's "America must win" strategy, stablecoins are becoming a critical force in the financial war. As we can see: Circle is responsible for building the settlement layer: creating the foundational financial highway of the future through core products like USDC, EURC, and the Arc chain. A16Z is responsible for investing in the application layer: funding all the supercars on this highway, such as AGENT proxies and privacy-focused stablecoins. Either A16Z is foolish, or investing in CIRCLE is foolish.