Amazon and Walmart Explore Dollar-Backed Stablecoins to Disrupt Payments
Retail giants Amazon and Walmart are advancing plans to issue proprietary stablecoins, according to sources familiar with the matter. The dollar-pegged digital assets would enable near-instant settlements while circumventing traditional payment networks.
Corporate stablecoins could save billions in transaction fees annually for these high-volume merchants. The MOVE signals growing institutional recognition of blockchain''s operational advantages beyond speculative trading.
Tech peers including Apple and Airbnb are reportedly evaluating similar initiatives, potentially creating a new class of enterprise-grade digital currencies. This development may accelerate mainstream adoption while reinforcing the US dollar''s dominance in global commerce.
