Amazon, Walmart Mull Stablecoin Launch to Save Billions in Fees: Report

Description

Retail giants Amazon and Walmart are exploring the possibility of issuing their own USD-backed stablecoins, according to a Wall Street Journal report citing anonymous sources. The report comes as the US Congress is preparing a final vote on the Genius Act that will essentially regulate the stablecoins in the country. Stablecoin payment systems could enable quicker, more cost-effective transactions, potentially saving these major corporations billions in banking fees. While Walmart previously dab...