BREAKING: Walmart & Amazon Plan Stablecoins Amid Crypto Push – Coincu

Key Points: 

• Amazon and Walmart explore stablecoins to lower fees and improve global payment settlement speeds.
• GENIUS Act’s outcome could determine the timing of corporate stablecoin launches in the U.S.
• Major retailers and banks are preparing for a future where stablecoins reshape financial transactions.

Amazon and Walmart are exploring the possibility of issuing their own U.S. dollar-pegged stablecoins, according to a recent report by the Wall Street Journal. While both companies have not officially confirmed their plans, discussions are said to be underway to assess the benefits of using blockchain-based payment systems.

The move is part of a broader industry trend where large corporations are looking at digital assets to reduce payment processing fees and improve transaction speed. A stablecoin system could allow both retailers to bypass traditional banking channels and reduce the time and cost associated with settlements.

Early-Stage Plans Linked to Regulatory Clarity

The proposed stablecoin initiatives are still in the exploratory phase. Progress may depend on the outcome of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. This bill aims to define how stablecoins are backed and sets compliance rules related to financial reporting and anti-money laundering standards.

As CoinCu reported, the U.S. Senate recently voted to advance the GENIUS Act, with a final decision expected by June 17. The law is seen as a key factor for corporate stablecoin adoption, offering a regulatory framework that companies can follow to launch and manage these digital assets.

Cost Savings and Market Reach

If implemented, stablecoins could provide Walmart and Amazon with a way to cut costs and manage cash flow more efficiently. Amazon recorded $638 billion in revenue in 2024, while Walmart’s e-commerce revenue exceeded $100 billion in 2023. Reducing payment-related expenses on that scale could save both companies billions annually.

The ability to settle transactions in near real time could also improve customer experience and back-end operations. Blockchain payment systems offer faster processing than traditional methods, especially for global payments that often take days to clear.

Broader Adoption Across Retail and Finance

Other companies, including Shopify, Apple, and Airbnb, have also shown interest in stablecoin solutions. Shopify has confirmed it will support USDC payments for users by the end of 2025. Traditional financial firms like JPMorgan, Bank of America, and Citigroup are also exploring joint stablecoin projects.

Firms working in digital asset infrastructure, such as DTCC Digital Assets, view stablecoins as useful tools for real-time settlement and collateral management. As more firms enter the space, the market for dollar-backed stablecoins continues to expand alongside ongoing regulatory developments.

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