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Why Major Retailers Are Secretly Planning Their Own Stablecoins (and What It Means for Investors)
The passage of landmark stablecoin legislation this summer could have far-reaching implications beyond just the financial sector. The Genius Act opens the door for nonbanks to issue stablecoins of their own, and that could greatly expand the number of retailers that offer stablecoins to their customers. In June, the Wall Street Journal reported that both Amazon and Walmart were secretly planning stablecoins of their own. Presumably, all they needed was the ink to dry on the new stablecoin legislation, and they could get started. Here's why stablecoins could change everything for them. As they say, always follow the ... (full story)
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