Amazon and Visa are considering launching stablecoins to reduce dependence on traditional payment networks following the GENIUS Act.
1 report, 1 independent
Updated Jul 29
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What happened
Amazon and Visa are considering launching stablecoins to reduce dependence on traditional payment networks following the GENIUS Act.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- A consortium launched a joint stablecoin Open Standard and signed the GENIUS Act setting stablecoin rules.Sub-event
Companies like Amazon and Visa are exploring stablecoin launches amid new regulatory frameworks.1 source
Keep exploring
The entities involved
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Bitcoin
digital cash system and associated currency
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Visa Inc.
American multinational financial services corporation
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Amazon
American multinational technology company
Related events
- Ark Invest, Visa, BlackRock, and Mastercard discuss the challenges and announcements surrounding stablecoins, including regulatory hurdles and market adoption.
- Visa is expanding capabilities to integrate various crypto networks (Ethereum, Stellar, Solana, Avalanche) to facilitate crypto-to-fiat on-ramps, challenging traditional payment rails.
- Stablecoin payments are facing ideological clashes with current market realities.
- The House passed a crypto market structure bill while Trump championed federal stablecoin legislation awaiting Senate consideration.
- Citizens in Latin America, including Argentina and El Salvador, are using stablecoins to bypass national currency controls.
Coverage
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