🔥 Walmart and Amazon consider issuing their own stablecoin
Walmart and Amazon are considering issuing a USD-pegged stablecoin to reduce transaction costs, speed up payments, and decrease reliance on traditional financial infrastructure. This plan heavily depends on whether the GENIUS Act – the legal framework for stablecoins – is passed. The bill is set to be voted on in the U.S. Senate on June 17, 2025.
The move by the two e-commerce giants comes amid the Trump administration's push to legalize crypto, creating a wave of major companies like Ripple, Shopify, and Wall Street banks entering the stablecoin market. According to the U.S. Department of the Treasury, if a clear legal framework is established, the global stablecoin market capitalization could reach $2 trillion by 2028.
Walmart and Amazon's entry into the market is expected to be a powerful catalyst for the next boom in stablecoins and the crypto sector in general.
