From Nasdaq: 2025-06-13 18:26:00

American Express (NYSE: AXP) stock dropped over 3% as retailers consider using stablecoins, potentially impacting card payment companies. Companies like Walmart and Amazon are exploring issuing their own stablecoins, which could save retailers money on card fees. The fate of the Genius Act, regulating stablecoins, will determine their widespread adoption in the US.

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Former Whole Foods Market CEO John Mackey, a member of The Motley Fool’s board, has no positions in discussed stocks. The Motley Fool recommends Amazon and Walmart. American Express is an advertising partner of Motley Fool Money. Personal opinions of authors may differ from those of Nasdaq, Inc.



Read more at Nasdaq: Why American Express Stock Flopped on Friday