Circle (NYSE: $CRCL) designed its new Arc blockchain for a world in which machines, not people, do most of the transacting, CEO Jeremy Allaire argued in a conversation published Saturday by a16z crypto.

Allaire spoke with a16z crypto founder Chris Dixon and Robert Hackett after Arc, the blockchain Circle built following the success of its USDC (CRYPTO: $USDC) stablecoin, recently reached mainnet. The original idea behind USDC, he recalled, was “an HTTP for money”, a protocol for dollars on the internet that works on any blockchain. As stablecoins grew beyond speculation into payments, regulators began telling institutions that any network they used…