According to Cointelegraph, Walmart and Amazon are reportedly considering the issuance of their own US dollar-backed stablecoins, marking a potential shift towards broader institutional adoption of stablecoins in the United States. This move comes as regulatory clarity around digital currencies continues to improve, paving the way for major corporations to explore innovative payment solutions.
The Wall Street Journal reported that the two retail giants are contemplating the creation of brand-specific stablecoins, although neither company has officially confirmed these plans. If implemented, a stablecoin payment system could significantly alter the financial landscape by redirecting billions in cash flow away from traditional banking partners. Amazon, for instance, reported an impressive $638 billion in annual revenue for 2024, with global e-commerce sales reaching approximately $447 billion, according to Statista data. Similarly, Walmart's global e-commerce sales exceeded $100 billion in 2023, accounting for 17.8% of its total annual sales, as reported in August 2024.
The adoption of stablecoin-based payment systems could offer substantial benefits, including faster and cheaper transactions, potentially saving these large corporations billions in banking fees. This development aligns with the broader trend of digital currency integration within the e-commerce sector. Notably, Shopify, another global e-commerce leader, 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 unfold, further updates will be provided as more information becomes available. The potential for Walmart and Amazon to issue stablecoins represents a significant step in the evolution of digital payments, highlighting the growing interest among major corporations in leveraging blockchain technology to enhance their financial operations.
