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

Walmart and Amazon are jumping into the crypto game with plans to launch their own stablecoins—digital currencies pegged to the dollar. This comes as the U.S. Senate moves closer to passing the GENIUS Act, which would create the first federal rules for private companies issuing digital dollars. The retail giants reportedly see this as a way to save a whopping $14 billion, likely by cutting transaction costs and streamlining payments.