Legislative dependencies and early-stage stablecoin exploration

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Amazon has not officially confirmed any plans to launch a stablecoin; nor has Walmart, despite reports indicating internal discussions and exploratory efforts.
Genius Act is a legislative bill that would provide the regulatory framework Amazon and Walmart are waiting for to potentially launch their own U.S. dollar-pegged stablecoins.
The stablecoin issuance plans of major retailers like Amazon and Walmart will likely hinge on the outcome of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act.
Walmart and Amazon are reportedly in early exploratory phases of developing proprietary stablecoin systems, according to the Wall Street Journal.

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