With stablecoins, Walmart, Amazon, and Shopify want to break free from traditional banking channels

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With the Genius Act recently passed in the U.S.A., regulating stablecoins for the first time, two retail giants are planning to issue their own corporate cryptocurrencies, or stablecoins. Their goal is to bypass traditional payment systems, avoid interchange fees, and speed up payment processing.

In the US, payment disintermediation continues. Walmart (2024 revenue: US$681 billion, including approximately US$100 billion online) and Amazon (2024 revenue: US$638 billion) are considering issuing th

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