<ul data-eligibleForWebStory="true"><li>Walmart and Amazon are considering launching their stablecoins to revolutionize the payments landscape and cut down transaction costs.</li><li>Other major companies like Expedia Group and airlines are also exploring similar initiatives in the U.S.</li><li>Stablecoins are digital tokens tied to fiat currencies and could streamline payment processes for merchants by avoiding traditional card networks.</li><li>The GENIUS Act, a stablecoin regulation bill, has passed a key Senate vote aiming to impose oversight and reserves on stablecoin issuers.</li><li>However, the bill has sparked debates due to proposed amendments unrelated to stablecoins, like credit card fee caps.</li><li>Walmart is advocating for more competition in credit card processing.</li><li>The GENIUS Act would mandate capital and liquidity buffers for stablecoin issuers, AML compliance, and regular reserve attestations.</li><li>The bill's fate remains uncertain pending final Senate and House decisions.</li><li>The potential launch of stablecoins by major retailers underscores the need for banks and payment providers to adjust to the evolving digital economy.</li></ul>

Walmart, Amazon Explore Stablecoins as Senate Advances Regulatory Framework

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