These Leading Retailers Are Considering Stablecoins. Should Investors Be Excited or Wary?
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On June 5, cryptocurrency company Circle Internet Group (NYSE: CRCL) went public with an initial public offering (IPO), and it was a blockbuster success. The IPO stock is the company behind the second-largest stablecoin USD Coin (CRYPTO: USDC), and the stock is still up more than 75% from where it started trading, showing that investors are very comfortable with this emerging space.This space is indeed emerging. Stablecoins have existed for years, but they lacked regulatory clarity. This all changed with the passage of the GENIUS Act in July. The name stands for the Guiding and Establishing National Innovation for US Stablecoin Act. And major retailers were standing by ready to take action as soon as it passed.Among these are the two biggest gorillas in the retail jungle: Walmart (NYSE: WMT) and Amazon (NASDAQ: AMZN). Both businesses have been preparing for action with stablecoins behind the scenes. And now investors want to know if this is an exciting development or one that will end poorly.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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