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Walmart, Amazon Are Coming for Traditional Payments, Mull Dollar-Pegged Stablecoins in the U.S.
- Amazon and Walmart are considering issuing their own U.S. dollar-backed stablecoins to facilitate payments in the United States.
- This exploration follows longstanding retailer interest in financial services and awaits regulatory clarity, especially the potential passage of the Genius Act.
- Stablecoins would allow these retailers to bypass traditional payment rails, reducing costly interchange fees and speeding up transaction settlements for merchants.
- Reports indicate stablecoins would maintain a one-to-one dollar peg backed by reserves, and a key legislative bill recently passed a procedural hurdle in Congress.
- If launched, these stablecoins have the potential to redirect consumer payment activity away from traditional banks, creating competitive challenges for credit card companies and established financial institutions.
66 Articles
66 Articles
The Independent
The Independent (US)Walmart and Amazon looking at creating their own cryptocoins
Legislation would need to pass Congress in order for the currencies to be used
[New York - Ban Momoe] Major US retailers have begun to consider introducing US dollar-linked stablecoins that can be used for shopping and other purposes. US media has reported that major retailers such as Walmart and Amazon.com are considering the move. Regulations are being put in place under the Trump administration, making it easier to issue them. If payment mechanisms change, this could have a major impact on existing financial institution…
Circle’s Allaire Seeks to Partner With More Merchants
Circle Internet Group Inc.’s Jeremy Allaire pointed out that a report that Walmart Inc. and Amazon.com Inc. are exploring the use of stablecoins is the type of fresh market opportunities available for the largest US issuer of the digital tokens.
Walmart and Amazon Consider Launching Stablecoins - RetailWire
Large retailers are finally embracing cryptocurrencies as they become a more mainstream method of financial transfers. So much so, even Walmart and Amazon are reportedly exploring options to create their own U.S. dollar-backed stablecoins for consumers. According to a Wall Street Journal inside source, Amazon is in the exploratory phase of issuing a stablecoin for online purchases. Other alleged internal discussions among both Walmart and Amazon…
ThePatriotLight - Walmart, Amazon, Expedia mull creating their own stablecoins: report
ThePatriotLight - Walmart and Amazon are reportedly considering issuing or adopting stablecoins in a move that could upend how billions of dollars in consumer payments are processed — and potentially sidestep traditional banking infrastructure. Both Amazon and Walmart have held internal discussions in recent months about launching their own digital currencies or partnering with existing stablecoin providers, according to a report in the Wall Str…
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