American Express last week posted new "Vice President, Stablecoin & Blockchain Partnerships & Strategy" roles on LinkedIn and Indeed, with an annual salary range of $176,750 to $282,000, under its Digital Lab division in New York; it also posted a "Vice President, On-Chain Products" position.
American Express Posts VP of Stablecoin & Blockchain Strategy Role, Salary $176,750 to $282,000
This role is built around three pillars: programmable money, stablecoin payments, and blockchain infrastructure. The vice president will be responsible for executing how American Express "participates in the next generation of programmable money, stablecoin payments, and blockchain financial infrastructure" and building partnerships with issuers, payment networks, and emerging business ecosystems.
The concurrently posted "Vice President, On-Chain Products" role indicates that American Express is forming a full team within its Digital Lab focused on native blockchain functionalities.
Visa Uses USDC on Ethereum and Solana for Stablecoin Settlement
Among major payment companies' stablecoin strategies, Visa has been actively building stablecoin settlement infrastructure for years, processing transactions using USDC on Ethereum and Solana; Mastercard has launched tokenization projects and partnered with multiple crypto firms to facilitate fund inflows and outflows. American Express has been relatively quiet in this area previously, and these hires are seen as a concrete step to catch up.
American Express Partnered with Ripple for Cross-Border Payment Pilot in 2017
American Express is not new to crypto: as early as 2017, it partnered with Ripple on a cross-border payment pilot; its venture arm, Amex Ventures, has invested in several crypto-related startups including digital asset brokerage FalconX. Stablecoin legislation is advancing in Congress with bipartisan support for a framework that would bring regulatory clarity to dollar-pegged digital tokens; Tether and Circle currently dominate the stablecoin issuance market.
Frequently Asked Questions
What are the specific responsibilities of the Vice President of Stablecoin role American Express is hiring for?
This vice president role is built around three pillars: programmable money, stablecoin payments, and blockchain infrastructure. It is responsible for executing how American Express participates in the next generation of programmable money, stablecoin payments, and blockchain financial infrastructure, and building partnerships with issuers, payment networks, and emerging business ecosystems. The salary range is $176,750 to $282,000, under the New York Digital Lab.
What have Visa and Mastercard already accomplished in the stablecoin space?
Visa has built stablecoin settlement infrastructure using USDC on Ethereum and Solana, actively processing stablecoin transactions for years; Mastercard has launched tokenization projects and partnered with multiple crypto firms to facilitate fund inflows and outflows. American Express's current hiring is seen as a concrete move to catch up with these two competitors.
What prior actions has American Express taken in the crypto space?
American Express partnered with Ripple as early as 2017 on a cross-border payment pilot; its venture arm, Amex Ventures, has invested in several crypto-related startups including digital asset brokerage FalconX.
