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Wal-Mart and Amazon are planning to issue their own stablecoins

Online reports, according to the Wall Street Journal, Walmart and Amazon are exploring issuing their own stablecoins in the U.S. market or using them for payment and settlement in their own merchant ecosystems. According to sources, the move could shift large amounts of cash and credit card transactions out of the traditional financial system, reduce billions of dollars in fees and speed up payments.

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