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The Wall Street Journal reported that Amazon and Walmart are exploring issuing stablecoins to bypass banks and reduce transaction costs.
Walmart is a retail corporation reportedly developing financial services including stablecoins and lobbying for related legislation.
Amazon is a multinational retailer reportedly exploring stablecoin issuance to reduce reliance on traditional payment systems.
Dollar-pegged stablecoins are digital tokens backed by reserves that maintain a one-to-one exchange ratio with U.S. dollars.

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