$ETH 🔍【Sudden Trigger】

《Wall Street Journal》reported:

• Walmart and Amazon are considering launching their own stablecoins (cryptocurrencies pegged to the US dollar);

• If realized, this will bypass traditional payment channels like Visa/Mastercard and complete payment settlements directly;

• However, the key will depend on whether the Genius Act can pass in Congress, which is dedicated to regulating stablecoins.

💡【Underlying Logic】

• Stablecoins pose a substantial threat to traditional payment systems, especially in the context of e-commerce giants trying to establish their own financial closed loops;

• The core revenue source for Visa/MA is “transaction fees,” and once bypassed, the impact will be structural;

• For consumers, if stablecoin payments are faster, cheaper, and more flexible, the willingness to adopt will also rise significantly.