Walmart and Amazon Launch Their Cryptocurrency Pursuit
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American retail giant Walmart and tech behemoth Amazon are exploring the launch of US dollar-pegged stablecoins to streamline payments and reduce reliance on traditional financial systems. The move aligns with broader corporate adoption of digital assets, though regulatory hurdles remain.
The GENIUS Act, currently under Senate review, could establish a federal framework for stablecoins. A June 17 vote looms as Democrats initially opposed the measure. House approval WOULD be required for final enactment.
Stablecoin issuance by major corporations signals accelerating institutional interest in cryptocurrency infrastructure. Market growth continues as enterprises seek efficiency gains beyond legacy banking channels.
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