Walmart, Amazon consider issuing own stablecoins: WSJ

Retail giants Walmart and Amazon are reportedly evaluating digital currencies to streamline e‑commerce and boost cross‑border transactions.

Update June 13, 10:30 am UTC: This article has been updated to include a section on the GENIUS Act.

Walmart and Amazon are reportedly mulling plans to issue their own US dollar-backed stablecoins for customers, signaling wider institutional stablecoin adoption amid improving regulatory clarity in the United States.

The two retail giants are mulling the development of brand-specific stablecoins, according to people familiar with the matter, The Wall Street Journal reported on Friday.

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