Re: Does it make sense for Amazon to develop its own Stablecoin?
Hi all,
Would like to learn your thoughts on whether Amazon should develop its own Stablecoin or leverage an existing Stablecoin, like USDC and USDT? Understand that Libra from Meta failed, but Amazon should have a larger volume regarding cross-border transactions and payments. Welcome any thoughts on the topic and any referrals to existing cost-benefit studies on this (not sure if the big consulting firms have researched the subject). Thanks!
Would like to learn your thoughts on whether Amazon should develop its own Stablecoin or leverage an existing Stablecoin, like USDC and USDT? Understand that Libra from Meta failed, but Amazon should have a larger volume regarding cross-border transactions and payments. Welcome any thoughts on the topic and any referrals to existing cost-benefit studies on this (not sure if the big consulting firms have researched the subject). Thanks!
Having their own stablecoin will greatly help in cross border transactions. With their own stablecoin, they will be effectively saving a huge amount of money from bank fees and what not! But Amazon should not launch a public stablecoin like USDT or USDC. Large organisations which are focused in certain type of businesses, should remain their focus intact.
However, if they want to reduce the fees paid to the banks for cross border or even inter-department payment, stablecoin is a great alternative. That reduces a lot of dependencies.
Hi Avikz,
Very happy to learn your thoughts! Do you have an estimation on what percentage Amazon could save by shifting to Stablecoin? To be more specific, any ideas on the compliance cost of Stablecoin, given that it is currently not 100% under regulation, like Tether? Thanks.BTC