In a significant move toward the adoption of digital currencies, retail giants Walmart and Amazon are reportedly exploring the possibility of launching their own US dollar-backed stablecoins, according to Cointelegraph. This development reflects a growing interest among major corporations in integrating blockchain-based payment solutions, especially as regulatory clarity around digital assets continues to improve in the United States.
Though no official announcements have been made, The Wall Street Journal reported that both companies are considering the creation of brand-specific stablecoins. If these plans materialize, such a shift could revolutionize corporate finance by reducing reliance on traditional banking systems and redirecting billions of dollars in cash flow through blockchain networks.
The potential scale of this move is enormous. In 2024, Amazon reported $638 billion in annual revenue, with $447 billion generated through global e-commerce sales, according to Statista. Similarly, Walmart's global e-commerce sales surpassed $100 billion in 2023, making up 17.8% of its total annual revenue, as noted in an August 2024 report.
By adopting stablecoin-based payment systems, these corporations could benefit from faster, lower-cost transactions, potentially saving billions in traditional banking and transaction fees. This aligns with a broader trend of digital currency integration in e-commerce. Notably, Shopify has also announced its plan to support USDC ($USDC ) payments for its merchants by the end of 2025.
As regulatory frameworks evolve and digital infrastructure strengthens, the possibility of Amazon and Walmart issuing their own stablecoins could mark a transformational moment in the digital payments space. This would not only reinforce blockchain's role in mainstream finance but also signal a new era of innovation among leading global enterprises.
Further updates will follow as this story develops.