Amazon and Walmart Consider Launch of U.S. Stablecoins – Coincu

Amazon and Walmart are reportedly exploring the issuance of their own stablecoins within the U.S. market, a strategy that could transform how transactions are processed within their ecosystems.

These initiatives could significantly impact payment models, accelerating settlement speeds, and minimizing transaction fees for millions of users.

Amazon and Walmart’s Blockchain Move Could Shift Billions

Amazon and Walmart are examining the possibility of launching stablecoins for their expansive merchant ecosystems. This potential move, as reported by The Wall Street Journal, may adjust billions in payment volumes by integrating blockchain technology, thereby enhancing overall efficiency.

By adopting stablecoins, these retail giants could substantially reduce the dependency on traditional card payment systems, cutting fees and enabling faster settlement processes. Such changes could streamline transactions and offer competitive advantages in the retail payments landscape.

The crypto community has shown interest, though no immediate responses from top executives or official announcements from Amazon or Walmart have surfaced. The continuing speculation highlights potential ramifications for the blockchain industry if such stablecoins become a reality. “There are currently no public statements from Doug McMillon, CEO of Walmart, or Andy Jassy, CEO of Amazon, confirming any stablecoin plans.”

Stablecoin Impact on Ethereum and Digital Payments

Did you know? Facebook’s Libra project, which faced regulatory hurdles, ultimately evolved into a service that mirrors prevailing stablecoin models, thus highlighting potential challenges for Amazon and Walmart.

Ethereum (ETH), currently priced at $2,573.33 with a market cap of $310.66 billion, plays a significant role in stablecoin infrastructure, observing a trading volume change of 57.79% in the last 24 hours. This indicates its dominance in blockchain settlements, as reported by CoinMarketCap.

According to Coincu research, if stablecoins from these retailers gain traction, Ethereum could experience a positive liquidity impact. Considering historical trends, this could alter the landscape of digital payments, highlighting Ethereum’s importance in the stablecoin domain.