Amazon (AMZN), one of the world’s largest e-commerce and cloud computing companies, is reportedly exploring its own entry into this space by launching a stablecoin for online 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 ...

According to Kevin Lehtiniitty, CEO of stablecoin network Borderless.xyz, a stablecoin issued by a big retailer would feel similar to using a gift card. Reeves shared a similar perspective.

What Amazon and Walmart's reported stablecoin exploration means for payments stocks Bitcoin is primed for a surge to fresh all-time highs above $130,000, according to the charts ...

In short, the entrance of new players into the stablecoin space will grow the market, but will also increase the competition for customers and market share. Diversification Among Crypto-Native Issuers ...

The GENIUS Act invites major commercial firms such as Amazon, Walmart, Twitter/X, and/or Facebook/Meta to enter the banking sector because it lacks provisions under the Banking Holding Company Act ...

The exploration of a stablecoin may distract from Snail, Inc.'s core gaming business, particularly if it diverts resources and attention away from existing game development and innovation efforts.

The amendment was then rejected. “I view this stablecoin legislation as presenting a very dangerous opening for big tech to get into banking in a big way,” Wilmarth says.

Right now, I'm partial to USDC, because it's the unofficial stablecoin of Coinbase Global (COIN -2.17%), which has a partnership agreement with Circle. I also am confident that it will never lose ...