The Rundown Walmart & Amazon Explore Launching Stablecoins, Gucci's Parent Company Hires New CEO
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Jun 16, 2025 Get the latest stock market insights influenced by the ongoing Israel-Iran tensions. Discover how Walmart and Amazon are making waves with their plans to launch stablecoins. Amazon's partnership with Roku is set to boost advertising growth, impacting both companies' fortunes. Meanwhile, Kering enjoys stock gains with a new CEO, while Gucci faces challenges. Also, learn about Sarepta Therapeutics' recent setback and JBS’s strong market performance after its NYSE debut.
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Retail Giants Eye Stablecoins
- Walmart and Amazon plan to issue their own stablecoins to reduce billions in credit card fees.
- Stablecoins also speed up payments and smooth cross-border transactions.
Circle USDC Stock Surges
- Circle's USDC stablecoin stock surged over 360% after IPO on stablecoin interest.
- Investors see stablecoins as a genuine threat to traditional payment processors.
Amazon-Roku Ad Partnership
- Amazon partnered with Roku to serve ads on a combined network covering 80% of US connected TV households.
- Amazon's ad business made $14 billion last quarter, becoming third largest digital ad network.