Fiserv's stablecoin announcement signals its intent to scale internationally and stay competitive with major corporations like Amazon, Walmart, Visa, Mastercard and JP Morgan

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The anticipation of this step triggered a flurry of reports of various large corporates such as Amazon and Walmart exploring the issuance of stablecoins

Several major banks and financial institutions are also keen on the sector, particularly as the U.S. moves closer to the GENIUS Act becoming law.