Resolution criteria

Each option will resolve to "Yes" if the specified company publicly announces and issues a stablecoin—defined as a cryptocurrency pegged to a stable asset, such as the U.S. dollar—by December 31, 2025. The issuance must be verifiable through official company press releases, reputable news outlets, or regulatory filings. If no such issuance occurs by the deadline, the option will resolve to "No."

Background

Bank of America: As of July 16, 2025, Bank of America CEO Brian Moynihan confirmed the bank's intention to introduce a stablecoin, noting substantial internal development but no set timeline. (reuters.com)

Citigroup: On July 15, 2025, Citigroup CEO Jane Fraser announced the bank's active interest in issuing a Citi stablecoin to enhance digital payments. (reuters.com)

Amazon: Reports from June 2025 indicate that Amazon is exploring the launch of its own U.S. dollar-backed stablecoin to streamline e-commerce payments. (americanbanker.com)

Walmart: Similarly, Walmart is considering issuing a stablecoin to enhance its payment infrastructure, with discussions reportedly underway as of June 2025. (americanbanker.com)

Considerations

• Regulatory Environment: The passage of the GENIUS Act, which aims to establish a regulatory framework for stablecoins, may influence the timeline and feasibility of these companies' stablecoin initiatives. (americanbanker.com)

• Market Competition: Other major financial institutions and corporations are also entering the stablecoin market, potentially affecting the strategic decisions of the companies listed.

• Technological Integration: The successful issuance of a stablecoin requires significant technological infrastructure and compliance measures, which may impact the rollout timelines.