US retailers like Amazon and Walmart explore stablecoins to cut transaction costs.
GENIUS Act could reshape payments by regulating dollar-backed stablecoin use.
Stablecoins offer instant settlement, boosting liquidity and global supply chains.
Major U.S. retailers, including Amazon and Walmart, are exploring the creation of their own stablecoins in a bid to reduce rising payment processing costs and accelerate cash flow. These digital tokens, typically pegged to the US dollar, promise faster settlements and lower transaction fees compared to traditional card payments.
As merchants grow increasingly frustrated with credit card giants like Visa and Mastercard, stablecoins have emerged as a practical alternative that could reshape how American consumers pay for everyday goods and services.
A Move to Bypass Costly Credit Card “Interchange” Fees
According to The Wall Street Journal report, Credit card payments remain the norm, but for retailers, they are costly. Every transaction comes with interchange fees that usually range from 1% to 3%.
For companies processing billions in payments, these fees significantly erode margins. Hence, some of the nation�…
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