American Express launches AI payment tool and explores stablecoin settlement scenarios

Payment giant American Express has announced the launch of an AI payment development toolkit aimed at "agent-based commerce", supporting AI agents in conducting payment and other economic activities. It also promises purchase protection for erroneous transactions generated by registered AI agents. The toolkit lowers fraud and dispute risks through mechanisms such as verifying the identities of both agents and cardholders. American Express also stated that it has developed various plans to explore the use of stablecoins in settlement scenarios, though no specific details have been disclosed.