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Two of America's largest retailers are quietly developing plans that could revolutionize digital payments. Walmart and Amazon have initiated internal discussions about issuing their own dollar-pegged stablecoins, according to sources familiar with the matter.
The potential move follows【Shopify's】recent announcement of USDC integration, signaling growing corporate interest in blockchain-based payment solutions. Amazon's e-commerce platform processed 【$447 billion】in 2024 sales, while Walmart's online business exceeded 【$100 billion】last year—transactions that could benefit from faster, cheaper stablecoin settlements.
——This isn't about cryptocurrency speculation, but building more efficient financial infrastructure—— noted a payments executive at a Fortune 500 company who requested anonymity.
The retailers' plans coincide with the【GENIUS Act】advancing through Congress, which would establish federal stablecoin standards. Senate Majority Leader John Thune emphasized the bill's importance during Wednesday's debate, calling it "critical for maintaining U.S. financial leadership."
Interestingly, the legislation could enable corporate stablecoins while requiring strict AML compliance—a potential game-changer for enterprise adoption. Banking analysts suggest such moves might redirect 【billions】in transaction fees from traditional financial intermediaries.
Wall Street institutions including JPMorgan and Bank of America have reportedly explored similar initiatives. The Depository Trust & Clearing Corporation's recent pilot demonstrated stablecoins' potential for【real-time collateral management】, further validating the technology's enterprise utility.
As the Senate prepares for final voting, industry observers note the legislation's timing appears fortuitous. ——Retailers see an opportunity to bypass credit card networks and banking middlemen—— said a blockchain consultant working with major retailers.
The developments suggest 2025 could become a watershed year for corporate-issued stablecoins, particularly if the GENIUS Act becomes law. Neither Amazon nor Walmart would confirm their specific plans when contacted for comment.