Amazon collaborates with StraitsX and NTT Digital to simulate the use of stablecoins to settle tokenized seller receivables

Amazon recently partnered with stablecoin companies StraitsX and NTT Digital to participate in a blockchain tokenization simulation. Typically, Amazon marketplace sellers receive payments every 14 days, but this can extend to 90 days in some cases. The simulation involved tokenizing these receivables and placing them on an exchange where lenders can buy them at a small discount. In the simulation, these sellers received StraitsX XSGD stablecoins wrapped as Purpose Bound Money (PBM). Wrapping can include conditions for the use of funds, or simply ensure compliance with regulations such as KYC. It is important to note that this is purely a simulation and not a solution planned by Amazon.