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Walmart and Amazon are exploring issuing their own stablecoins

Some of the biggest merchants are exploring how to issue or use stablecoins, potentially shifting the high volumes of cash and card transactions that they handle outside the traditional financial system and saving them billions of dollars in fees.

“[The] push to instant payments is inevitable and represents a risk” [to Visa and Mastercard]," said TD Cowen analyst Jaret Seiberg.

Tags

defi, stablecoins