Amazon and Walmart Explore Stablecoin Adoption for Faster Payments
Retail giants Amazon (AMZN) and Walmart (WMT) are evaluating the issuance of dollar-pegged stablecoins to streamline digital payments, according to a Wall Street Journal report. The move could significantly reduce merchant fees and accelerate settlement times.
Both companies remain in early-stage discussions—either developing proprietary stablecoins or partnering with third-party issuers. Adoption hinges on the passage of the proposed ''Genius Act'' currently under congressional review, which WOULD establish a regulatory framework for stablecoins.
Corporate-issued stablecoins represent a growing trend among institutions seeking alternatives to traditional payment rails. Their dollar peg offers price stability absent in volatile cryptocurrencies like Bitcoin or Ethereum.
