Walmart and Amazon are considering launching their branded US dollar-backed stablecoins to improve transaction efficiency and reduce traditional financial system usage.
Stablecoins offer faster settlement times and reduced transaction costs, potentially saving billions for e-commerce giants like Walmart and Amazon.
The companies have not officially announced their stablecoin plans, but internal discussions suggest an imminent launch with company branding.
The US Senate advances the GENIUS Act to provide clear standards and regulatory compliance for stablecoins, potentially influencing the launch timelines for new tokens.
Amazon and Walmart reported significant global revenues from e-commerce, and stablecoins could further streamline payment systems and international operations for them.
Blockchain stablecoins eliminate intermediaries, reduce processing fees, and offer more control over financial flows to companies like Amazon and Walmart.
Other platforms like Shopify are also exploring stablecoin integration for managing liquidity and fast settlements across industries.
Financial experts believe stablecoins can modernize infrastructure, with the Depository Trust & Clearing Corporation endorsing stablecoins for collateral management.
Amazon and Walmart are evaluating stablecoin implementation options while monitoring legislative updates before making official announcements.
The GENIUS Act's progress in the House of Representatives is being watched closely by stakeholders and industry participants.