According to WSJ, Walmart and Amazon are considering self-issuing stablecoin in the US. The goal of the two giants is to pull cash and card payments out of the traditional banking system, thereby saving billions of USD in processing fees each year.

This move aims to keep up with the trend of stablecoin issuance, as the US government is vigorously pushing the GENIUS stablecoin bill. Yesterday, the US Senate passed it with a vote of 68-30, and the final voting round will take place next Monday.

=> A very favorable news for the crypto market at this time