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Walmart and Amazon have a shocking new plan
U.S. retail giants Amazon (Nasdaq: AMZN) and Walmart (NYSE: WMT) are reportedly exploring issuing their own stablecoins, The Wall Street Journal reported on 13 June. A stablecoin is a type of cryptocurrency that, unlike traditionally volatile cryptocurrencies such as Bitcoin, aims to maintain a stable value. It is generally pegged to a fiat currency such as the U.S. dollar or a commodity such as gold. As per the report, Amazon and Walmart are mulling the introduction of stablecoins pegged to the U.S. dollar. Streamlined global payments, lower processing fees, and less dependence on traditional fund transfer ... (full story)
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