According to Cointelegraph, Walmart and Amazon seem to be considering issuing their US dollar-backed stablecoins, indicating a potential shift towards broader institutional adoption of stablecoins in the United States. This move comes at a time when the clarity of regulations around digital currencies continues to improve, paving the way for major companies to explore innovative payment solutions.
The Wall Street Journal reported that the retail giants are considering creating their own branded stablecoins, although neither company has officially confirmed these plans. If implemented, a stablecoin payment system could significantly change the financial landscape by directing billions of dollars in cash flows away from traditional banking partners. For example, Amazon reported impressive annual revenues of $638 billion for 2024, with global e-commerce sales reaching about $447 billion, according to Statista data. Similarly, Walmart's global e-commerce sales exceeded $100 billion in 2023, representing 17.8% of its total annual sales, as reported in August 2024.
The adoption of stablecoin-based payment systems could provide significant benefits, including faster and cheaper transactions, potentially saving these major companies billions of dollars in bank fees. This development aligns with the broader trend of integrating digital currencies within the e-commerce sector. Notably, Shopify, another leader in global e-commerce, has already announced plans to integrate USDC payments for its users by the end of 2025, as reported by Cointelegraph on June 13.
As this story continues to develop, additional updates will be provided as new information becomes available. The prospect of Walmart and Amazon issuing stablecoins represents an important step in the evolution of digital payments, highlighting the growing interest among major companies in using blockchain technology to enhance their financial operations.