Amazon and Walmart Eye Stablecoins to Disrupt Payment Rails, Await Green Light from U.S. Lawmakers
Amazon and Walmart are preparing to enter the stablecoin space, considering digital dollar tokens to streamline transactions and sidestep mounting card processing fees, according to the Wall Street Journal.
Sources say the companies are assessing both private-label coins and collaborations with external issuers, with their plans hinging on the successful passage of the bipartisan Genius Act — legislation designed to regulate stablecoins at the federal level.
The effort underscores a broader trend of corporate players seeking to disrupt legacy payment systems with blockchain-based alternatives, particularly as regulatory clarity inches closer.
Spokespersons for both Amazon and Walmart did not immediately respond to requests for comment.
Share this content:
