Walmart and Amazon may launch stablecoins
Walmart and Amazon are exploring using stablecoins or even issuing their own to save billions in fees, according to a report from The Wall Street Journal.
The move underscores the increased momentum for stablecoins as the GENIUS Act (Guiding and Establishing National Innovation in U.S. Stablecoins) is set to move to a final Senate vote next week. The WSJ reports that the behemoths’ decision hinges on the bill and could “send shivers through the nation’s banks.”
The retail giants are not the only ones looking into the cost saving that could come from the use of stablecoins. The WSJ says Expedia Group and airlines are among the companies also considering implementing the cryptocurrencies.
Banks themselves are digging into stablecoin opportunities too, with Deutsche Bank potentially considering issuing its own, as well as Santander, which Bloomberg reported has “early-stage plans to offer a stablecoin.”
The retail giants are not the only ones looking into the cost saving that could come from the use of stablecoins. The WSJ says Expedia Group and airlines are among the companies also considering implementing the cryptocurrencies.
Banks themselves are digging into stablecoin opportunities too, with Deutsche Bank potentially considering issuing its own, as well as Santander, which Bloomberg reported has “early-stage plans to offer a stablecoin.”
