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Stablecoin Craze: Uber, Amazon, And Others Bet Big On Digital Assets

  • Major tech firms like Uber and Amazon are considering the use of stablecoins for global financial transactions.
  • Tech giants such as Apple, Amazon, and various banks are racing to integrate stablecoins into their systems, pegged to stable assets like the US dollar.
  • The US Senate approved the GENIUS Act, which might establish a regulatory framework for stablecoins, but widespread adoption may still face hurdles like technology infancy and regulatory uncertainties.
  • Companies like Amazon are exploring stablecoins to mitigate foreign exchange risks in international sales, with startups like Agora raising capital to support this trend.

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