Walmart, Amazon Explore Dollar-Pegged Stablecoin Initiatives in U.S.

Retail giants Walmart and Amazon are reportedly evaluating the issuance of proprietary stablecoins pegged to the U.S. dollar, according to a Wall Street Journal disclosure. Such corporate digital currencies could slash merchant fees and accelerate settlement times, potentially disrupting legacy payment systems.

The initiative hinges on the passage of the Genius Act, a proposed stablecoin regulatory framework advancing through Congress. Legislative approval WOULD enable large enterprises to leverage stablecoins as competitive alternatives to conventional payment networks.

Both corporations remain in exploratory phases, considering either native token development or third-party stablecoin integrations. Walmart''s parallel lobbying efforts for credit-card market reforms signal broader ambitions in financial services.