Amazon, Walmart developing USD-backed stablecoins

Thu, 26 Jun 2025 05:00:11 GMT

Fintech firm Republic is launching blockchain-based rSpaceX tokens, giving retail investors exposure to the value of Elon Musk’s SpaceX without owning actual shares. Grove, a new DeFi protocol focused on institutional-grade credit infrastructure, has emerged from stealth with a $1 billion commitment to tokenized asset strategies. Amazon and Walmart are quietly developing their own USD-backed stablecoins following the U.S. Senate’s passage of the GENIUS Act, signaling a bold challenge to the $143 billion payment processing industry.

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Tokenized U.S. bonds up 78% since January

Thu, 26 Jun 2025 05:00:00 GMT

Global Settlement has facilitated the full acquisition of a working oil and gas facility in Latin America using stablecoins and tokenized debt and equity. Toronto-based Purpose Investments is set to launch Canada’s first spot XRP ETF this week, following regulatory approval from the Ontario Securities Commission. The total market for U.S. government bond tokens has surged to $7.3 billion—up 78% since January.