Walmart and Amazon Consider Stablecoin Launches Amid Push to Cut Card Fees
Walmart and Amazon are reportedly exploring launching their own dollar-pegged stablecoins in the U.S., the Wall Street Journal said Thursday, in a move that could challenge the role of traditional banks and credit card networks.
The retail giants are in early-stage discussions about either building proprietary digital tokens or partnering with third-party stablecoin providers, contingent on the passage of the Genius Act — a stablecoin regulation bill that recently advanced in Congress.
If successful, stablecoins could give both firms a powerful tool to lower transaction costs, speed up settlements, and offer customers new forms of digital payments. Walmart is also said to be lobbying for greater competition in the credit card industry.
Both companies declined to comment on the report.
