American Express CEO Steve Squeri stated that stablecoins could serve as a viable alternative to traditional payment systems like ACH and Swift, though they are unlikely to fully replace them. Following the passage of the Genius Act, Amex is exploring the potential uses of stablecoins, particularly in cross-border payments, while maintaining its interest in the cryptocurrency sector through partnerships like the one with Coinbase. Despite a slight dip in profits, analysts remain optimistic about Amex's future, especially with its focus on younger consumers.