The two giants of America – Walmart and Amazon – are quietly preparing for a significant turning point: the release of their own stablecoin, a cryptocurrency pegged to the USD. The goal is very clear: simplify the payment process, shorten transfer times, and cut the costs of traditional financial operations.
According to sources, both are conducting in-depth studies on the launch of a stablecoin while closely monitoring federal policies being discussed in Washington. This is not just a technology story – it is part of the reshaping of the American financial system, where technology and retail corporations want to encroach on territory traditionally held by banks.
American Enterprises Dive into Stablecoins
The motivation behind this move is quite understandable: the current payment system, despite being modern, is still cumbersome and costly. Leveraging stablecoins – a type of cryptocurrency with stable value pegged to the USD – could help Walmart and Amazon shorten transaction cycles, reduce dependence on banks, and increase operational efficiency. It also helps them take another step into the Web3 ecosystem, which they can no longer afford to stay out of.
However, the biggest obstacle currently lies not in technology, but in the law. The US Congress is discussing the GENIUS Act, aimed at establishing a unified legal framework for stablecoins linked to fiat currency. This bill will be voted on by the Senate on June 17, after facing opposition from a portion of the Democratic Party.
If approved, the bill will move to the House of Representatives – which is also working on its own version. Both chambers need to unify their positions before presenting it to the President for signing. According to many sources, former President Donald Trump – who is running for re-election – has prioritized advancing this legal framework and wants a law in place before August of this year.
Stablecoin Boom – A Trend That Can No Longer Be Ignored
Under pressure from businesses and clearer signals from the government, the stablecoin market is experiencing impressive growth. Ripple launched the RLUSD last year, while major financial institutions like DTCC and many Wall Street banks are also researching the issuance of stablecoins backed by fiat currency.
Shopify, meanwhile, has integrated Circle's USDC into its payment system through Coinbase and Stripe. Tether – a familiar name in the cryptocurrency world – is currently circulating over 155 billion USD and is preparing to issue a version dedicated to American financial institutions.
According to data from The Block, the total market value of stablecoins has surpassed 250 billion USD – a figure that cannot be overlooked. US Treasury Secretary Scott Bessent predicts this number could reach 2 trillion USD by 2028 if there is a clear legal framework.
Long-Term Vision or Political Gamble?
The big question remains: will Walmart and Amazon actually enter the stablecoin market, or is this just a public opinion probe? And if they enter, how much will the traditional financial system be shaken?
Although the answer is still unclear, one thing is certain: stablecoins are no longer a temporary trend. They are becoming a strategic component in the power struggle between technology, finance, and government – a game where those who lag behind will be eliminated.
