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Amazon, Walmart Consider Issuing Own Stablecoins: Report
Amazon and Walmart are exploring the potential for issuing their own stablecoins in the U.S., a trend that reflects growing interest from other companies like Expedia and airlines. Stablecoins offer a more stable payment option compared to traditional cryptocurrencies, being pegged to the U.S. dollar. This renewed interest has been spurred by political factors, including the return of Donald Trump and legislative measures currently under discussion, which proponents believe will reduce transaction costs and speed up payment processes.
Tether’s USDT remains the leading stablecoin, with its market capitalization surging to $155 billion. The potential for major retailers to develop their own blockchain-based payment systems could disrupt the revenue streams of conventional credit card companies like Visa and Mastercard, which saw declines in their stock prices as a reaction to this news. Additionally, large banks like Deutsche Bank and Banco Santander are also considering entering the stablecoin space.
From a transportation perspective, the integration of stablecoins into logistics and supply chain payment systems could streamline financial transactions, reducing delays and costs associated with traditional payment methods. The logistics sector, particularly companies like Amazon and Walmart, which rank at the top in logistics and freight, could leverage these digital currencies to innovate their payment processes and enhance operational efficiency. The movement towards adopting stablecoins may signal a significant shift in how payments are processed within the broader transportation and logistics industry.
Tether’s USDT remains the leading stablecoin, with its market capitalization surging to $155 billion. The potential for major retailers to develop their own blockchain-based payment systems could disrupt the revenue streams of conventional credit card companies like Visa and Mastercard, which saw declines in their stock prices as a reaction to this news. Additionally, large banks like Deutsche Bank and Banco Santander are also considering entering the stablecoin space.
From a transportation perspective, the integration of stablecoins into logistics and supply chain payment systems could streamline financial transactions, reducing delays and costs associated with traditional payment methods. The logistics sector, particularly companies like Amazon and Walmart, which rank at the top in logistics and freight, could leverage these digital currencies to innovate their payment processes and enhance operational efficiency. The movement towards adopting stablecoins may signal a significant shift in how payments are processed within the broader transportation and logistics industry.
Vehicle Guru