This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
Global retail giants like Walmart and Amazon are reportedly exploring the issuance of their own stablecoins to reduce transaction fees. The move could disrupt traditional finance systems dominated by banks and credit providers. Their decisions may hinge on the regulatory outcome of the GENIUS Act in Congress.
- Walmart and Amazon are among the multinational firms exploring proprietary stablecoins to reduce transaction costs.
- The GENIUS Act's regulatory framework could determine whether these companies proceed with their stablecoin plans.
- Amazon's stablecoin focus is on e-commerce, while Walmart aims to increase credit-card sector competition through legislative changes.
📎 Related coverage from: dailyhodl.com
