Phase, a blockchain network designed for AI agents, appointed Yana Prikhodchenko as its new co-founder and CEO on November 11. Prikhodchenko previously served as the CEO of Cointelegraph and brings over a decade of experience in the banking and insurance sectors, including a tenure at Allianz.
The project launched its mainnet on October 29 with $45 million in funding provided by founder Kirill Eves. The network allows AI agents to facilitate payments autonomously using USDT from Ethereum, Base, and other chains. These deposits are converted into a bridged token, USDT.e, which is backed by assets held at the bridge address.
The platform enforces strict limits on fund transfers, capping individual deposits at $1,000 and total daily credits at $10,000. Currently, the bridge operates in one direction, meaning users cannot withdraw funds back to their original chains. The network utilizes the x402 payment standard developed by Coinbase to process requests.
The project has allocated 25% of the total PHASE token supply to the core team. While users can earn these tokens by validating the chain via mobile devices, the asset is not yet listed on CoinGecko, and its market value remains undefined. The company has not disclosed whether the new CEO received a share of the token allocation.
