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Walmart & Amazon eye $14B in savings by launching corporate stablecoin

The GENIUS Act's federal framework for digital dollars may soon enable Walmart and Amazon stablecoin adoption.

CryptoSlate

Jun 13

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Happy Friday!

Today's headlines spotlight seismic shifts in crypto adoption and regulation. Walmart and Amazon are poised to unlock $14 billion in savings with corporate stablecoins, as the GENIUS Act's digital dollar framework edges closer to reality. Circle is expanding USDC to Ripple's XRP Ledger, opening new possibilities for stablecoin utility. Meanwhile, Ripple and the SEC are moving to close their years-long legal battle with a proposed $125 million settlement. Get the full scoop on these breaking stories below!

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The global crypto market cap is $3.29 trillion, with a 24-hour volume of $174.75 billion. The price of Bitcoin is $105,700.61, and BTC market dominance is 63.9%. The price of Ethereum is $2,551.82, and ETH market dominance is 9.4%. The best-performing sector is Insurance, which gained 8%. The Crypto Fear & Greed Index is currently Greed (61).