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- BingX, a cryptocurrency exchange and AI company, launched its BingX Visa Debit Card, which allows users to spend stablecoins globally. The issuer is Wirex, a stablecoin technology developer and principal member of Visa.
- PayPal Holdings Inc. said its PayPal USD stablecoin is now issued natively on the Polygon, a blockchain network, through Paxos and available on the Polygon Open Money Stack service. Paxos issues PayPal USD for PayPal.
- The Electronic Transactions Association named Adam Coates chief operating officer. Coates formerly was general counsel and senior vice president at the Business Software Alliance.
- Cobranded card platform Cardless named Mark Troianovski chief business officer and Karolina Noronha chief product officer. Troianovski arrives from Coinbase, Noronha from Adyen.
- American Express Co. broke ground on a planned global headquarters at 2 World Trade Center in lower Manhattan. The structure is expected to stand almost 1,250 feet tall and encompass almost 2 million square feet of space. AmEx plans to occupy the building in 2031.
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