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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.
Video game studio Snail Games is considering developing its own U.S. dollar stablecoin, evaluating technical, legal, and financial aspects. The company's stock closed 8% higher after announcing ...
The GENIUS Act being signed into law will have ramifications – primarily positive – for the stablecoin sector, but crypto-native firms need to be aware of the challenges that come alongside ...
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.