Both retail giants Walmart and Amazon are considering issuing their own USD-backed stablecoin to optimize e-commerce payments and cross-border transactions – according to The Wall Street Journal. Although not officially confirmed, if implemented, this plan could help them save billions of USD in banking fees and reduce reliance on traditional financial partners.

#amazon recorded global revenue of 638 billion USD in 2024, with the e-commerce segment reaching 447 billion USD. Walmart also achieved e-commerce revenue of over 100 billion USD in 2023, accounting for nearly 18% of total revenue. With this scale, the use of stablecoin could create a significant change in how large companies handle payments.

Meanwhile, #Shopify – a global e-commerce platform – has also confirmed plans to integrate payments with USDC by the end of 2025, demonstrating the growing trend of stablecoin adoption.

However, the stablecoin plans of #Walmart and Amazon may depend on the GENIUS Act – a bill currently under consideration by the U.S. Senate. This bill proposes establishing clear regulations on collateral for stablecoins and mandates compliance with anti-money laundering (AML) laws. With a vote count of 68-30 in favor, the GENIUS Act has passed the procedural step for a comprehensive debate.

In addition, major banks such as JPMorgan, Bank of America, and Citigroup are also discussing the issuance of a common stablecoin. Recent studies suggest that stablecoins could be an ideal tool for improving the traditional financial system.