Retail Giants Walmart & Amazon Eye USD Stablecoins
Walmart and Amazon explore launching USD‑pegged stablecoins to cut fees, boost settlement speed—awaiting stablecoin legislation.
- Walmart and Amazon weigh issuing USD‑pegged stablecoins.
- Aims: reduce card fees & speed up settlements.
- Adoption hinges on passage of the Genius Act.
Walmart and Amazon are reportedly considering launching their own USD‑pegged stablecoins to bypass costly card networks, streamline payments, and settle transactions almost instantly .For companies handling massive volumes—Walmart’s e‑commerce topped $100 billion in 2023, and Amazon saw $447 billion in online sales—the potential savings on interchange fees (1–3%) could reach billions annually
Benefits Beyond Fee Reduction
Aside from slashing fees, stablecoins promise much faster settlement—near real-time versus 1–3 business days—optimizing cash flow and global supply chain payments, especially for international suppliers Companies are also considering consortium models where multiple retailers share a single coin—a model that could spread risks and investment costs .
Regulation Is the Gatekeeper
Final rollout depends on the passage of the GENIUS (Stablecoin) Act, recently cleared in procedural votes in both Senate and House. Retailer groups, notably the Merchants Payments Coalition, are lobbying for its approval, aiming for a regulatory framework that enables these corporate stablecoins—and could challenge banks and Visa/Mastercard dominance
Conclusion
Walmart and Amazon’s stablecoin ambitions reflect a growing trend: non-financial giants leveraging digital currencies to disrupt traditional payment rails. Whether for faster settlements, lower fees, or global transactions, stablecoins could be the wallet of choice—if Congress gives the green light.
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