Amazon and Walmart Explore Launch of Their Own Stablecoins
Retail giants Amazon and Walmart are reportedly considering launching their own U.S. dollar-backed stablecoins to reduce reliance on traditional banking and credit card networks. The goal is to lower transaction fees and offer faster, more efficient payments across their platforms.
Internal discussions are underway at both companies, with options ranging from creating proprietary digital currencies to partnering with existing stablecoin providers. By leveraging blockchain technology, the retailers aim to streamline global operations and enhance cross-border transactions.
Their plans, however, hinge on regulatory developments. The U.S. Senate recently advanced the GENIUS Act, which would provide a framework for private stablecoin issuance and set compliance standards. If passed, the bill could accelerate adoption not only by Amazon and Walmart but also by other companies like Expedia and U.S. airlines, which are exploring similar initiatives.
A green light from lawmakers could reshape the U.S. payments landscape, shifting billions in transactions from traditional financial networks to blockchain-based systems.
