<ul data-eligibleForWebStory="true"><li>Walmart and Amazon are considering issuing their own US dollar-backed stablecoins for customers.</li><li>The stablecoin payment system could help divert billions in cash flow from their banking partners.</li><li>The companies are contemplating developing brand-specific stablecoins to enable faster and cheaper transactions.</li><li>Amazon had a $638 billion annual revenue in the last financial year, while Walmart's global e-commerce sales crossed $100 billion.</li><li>Shopify plans to integrate USDC payments for its users with a target completion before the end of the year.</li><li>The giants' stablecoin plans may rely on the outcome of the GENIUS ACT, a legislation aiming to establish clear regulations for stablecoins.</li><li>The GENIUS Act recently advanced with a 68-30 vote, pushing for compliance with Anti-Money Laundering laws.</li><li>DTCC Digital Assets sees stablecoins as an ideal financial instrument for real-time collateral management.</li><li>Stablecoin adoption may increase in the US with clearer regulations in place.</li><li>The news also highlights collaboration between Pudgy Penguins and Lufthansa as PENGU tests key support in the crypto space.</li></ul>

Walmart and Amazon Plan USD Stablecoins Amid Regulatory Push

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