Amazon and Walmart Exploring Issuing Cryptocurrencies

According to a Friday report by the Wall Street Journal, Amazon and Walmart are considering issuing their own dollar-backed cryptocurrencies.

As reported by U.Today, Apple, Airbnb, and several other tech giants are also exploring corporate stablecoins.

Traditional financial institutions such as Bank of America and Fidelity are also preparing to join the trend.

These moves come amid the impressive growth of the stablecoin sector and a rapidly improving regulatory environment.

As reported by U.Today, the GENIUS Act, which is meant to regulate the stablecoin sector, advanced in the US Senate earlier this week. The final vote has been scheduled for June 17.