Amazon and Walmart are reportedly exploring the launch of proprietary stablecoins to streamline payments and reduce credit card processing fees, according to a Wall Street Journal report. These USD-pegged digital assets could save billions by bypassing traditional payment networks, offering instant transfers for suppliers and customers. The move aligns with the GENIUS Act, a bipartisan bill creating a regulatory framework for stablecoins, which recently advanced in the Senate. While corporate stablecoins promise efficiency gains, they must overcome public skepticism post-TerraUSD collapse and ensure regulatory compliance. Success could trigger a crypto bull run and reshape retail finance under evolving U.S. crypto policies.
about Amazon, Walmart Eye Stablecoin Launch to Cut FeesAirbnb
0 in Finance and 0 in Crypto last weekAnt Financial Seeks Stablecoin Licenses in Hong Kong, Singapore
Ant Financial, an affiliate of Alibaba, is pursuing stablecoin issuer licenses in Hong Kong and Singapore, aligning with new regulatory frameworks like Hong Kong’s Stablecoin Ordinance effective August 1. The company aims to leverage its blockchain-based Whale platform for cross-border payments and treasury management, processing a third of its $1 trillion transactions via blockchain in 2024. This development reflects broader industry trends, as major banks like Deutsche Bank and Societe Generale explore stablecoins, while tech firms consider integrating them into payment systems. The stablecoin market recently surpassed $250 billion in capitalization, signaling rapid growth and institutional interest.
about Ant Financial Seeks Stablecoin Licenses in Hong Kong, SingaporeBig Tech and Banks Rush to Integrate Stablecoins as GENIUS Act Nears Approval
Tech giants such as Apple, Uber, and X (formerly Twitter) are actively exploring stablecoin integration into their payment systems, aiming to reduce transaction costs and enhance cross-border efficiency. The GENIUS Act, expected to pass soon, is seen as a key catalyst for regulatory clarity and adoption. Meanwhile, banks like Citibank and JPMorgan are pursuing joint initiatives, while Google Cloud confirms its interest in stablecoins. Stablecoin market capitalization has surged to $250 billion, with projections of reaching $2 trillion by 2028, fueled by regulatory progress and corporate adoption.
about Big Tech and Banks Rush to Integrate Stablecoins as GENIUS Act Nears ApprovalCircle’s IPO Surge Outshines Tech Giants
Circle’s IPO this week stunned Wall Street as its stock price surged from $31 to over $123, nearly quadrupling its initial offering. The stablecoin issuer’s first-day performance outpaced tech giants like Airbnb and Meta, despite its smaller market cap. Analysts attribute the explosive growth to investor enthusiasm for stablecoins and limited public investment options in the sector. While Circle’s valuation reached $19 billion, it still trails behind tech behemoths like Facebook ($104 billion at IPO) and Airbnb ($100.7 billion). The stock’s volatility even triggered multiple trading halts on the NYSE, underscoring the unprecedented demand for crypto-related public offerings.
about Circle's IPO Surge Outshines Tech GiantsStablecoin Market Cap Surges 90% as Tech Giants Explore Use
Stablecoins have experienced a remarkable 90% growth in market capitalization since January 2024, positioning them as crypto’s first mainstream application. Tech giants such as Apple, X, Airbnb, and Google are actively exploring stablecoin adoption to reduce transaction fees and enhance cross-border payments. Google leads the pack, having already processed two stablecoin transactions, while Airbnb is in talks with payment processor Worldpay to integrate the technology. This shift highlights the growing influence of stablecoins in both crypto and traditional finance, driven by regulatory momentum and cost-saving incentives.
about Stablecoin Market Cap Surges 90% as Tech Giants Explore Use