Walmart Amazon Explore Stablecoins for E-commerce Boost

Walmart and Amazon, two of the largest retail giants in the United States, are reportedly exploring the use of digital currencies to enhance their e-commerce capabilities and facilitate cross-border transactions. According to sources, both companies are considering the issuance of their own US dollar-backed stablecoins for their customers. This move is aimed at reducing payment costs, accelerating transaction speeds, and minimizing payment disputes.

The stablecoins proposed by Walmart and Amazon would enable these companies to offer more direct payment systems, bypassing traditional banking institutions and payment cards. This shift could potentially save these large corporations billions of dollars in banking fees by providing faster and more cost-effective transactions. A source familiar with the matter revealed that Amazon's plans are still in the early stages, with discussions primarily focused on utilizing its own coin for online purchases.

The proposed stablecoin bill, known as the Genius Act (GENIUS), is expected to provide the necessary regulatory clarity for these initiatives. The bill aims to establish a framework for stablecoins, which could pave the way for their widespread adoption. US President Donald Trump has emphasized the importance of regulatory clarity in the cryptocurrency sector, aiming to pass stablecoin legislation by August. The final vote on the GENIUS law is scheduled for June 17, indicating a rapid pace of progress.

Trump's administration has taken a pro-stablecoin stance, which has accelerated institutional adoption of digital currencies. For instance, Ripple (XRP) launched RLUSD last year, and several major banks, along with the Wall Street firm DTCC, have announced their own stablecoin initiatives. These developments suggest a growing acceptance of stablecoins within the financial industry, driven by the potential benefits they offer in terms of cost savings and transaction efficiency.