Major corporations such as Walmart, Amazon, Expedia Group, and unnamed airlines are considering launching their own dollar-pegged stablecoins to save billions in transaction fees, according to a Wall Street Journal report. Stablecoins, which offer faster and cheaper payments, could shift the financial landscape away from traditional banking systems. The GENIUS Act, currently under congressional review, aims to regulate alternative payment systems and could influence these firms’ strategies. Amazon is reportedly focused on stablecoins for online purchases, while Walmart seeks to amend the bill to foster credit-card competition. Companies may also opt to use existing stablecoins instead of creating new ones.
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Amazon and Walmart are considering launching their own stablecoins or adopting existing ones through a merchant consortium, aiming to bypass costly card transaction fees (1%-3%) and enable instant settlements. Amazon is in early discussions for an in-house token, while Walmart has lobbied for digital payment reforms. The trend follows Shopify’s integration of USDC via Coinbase’s Base network, offering cashback incentives. However, widespread adoption hinges on the GENIUS Act, which seeks to establish a U.S. regulatory framework for stablecoins and recently advanced procedurally. Major U.S. banks are also exploring joint stablecoin ventures, signaling growing institutional interest in digital payment alternatives.
about Amazon, Walmart Eye Stablecoins to Cut Payment CostsWalmart & Amazon Eye $14B Savings with Stablecoins
Walmart and Amazon are preparing to launch their own stablecoins, backed by U.S. dollars or Treasuries, as the Senate moves closer to passing the GENIUS Act (S.394), which would establish a federal regulatory framework for such digital currencies. The retailers aim to reduce card processing fees, which cost them an estimated $14 billion annually, with potential savings of $1 billion in EBITDA gains for a 1% reduction. The GENIUS Act, sponsored by Sen. Bill Hagerty (R-TN), mandates 100% reserve backing, monthly disclosures, and consumer protections, with bipartisan support. The bill avoids algorithmic assets and focuses solely on payment functionality, marking a shift from previous failed attempts like Meta’s Diem. A Senate vote on June 17 will determine the fate of the legislation, which could pave the way for widespread adoption of retailer-issued stablecoins in e-commerce and supply chains.
about Walmart & Amazon Eye $14B Savings with Stablecoins