According to a Wall Street report, both Amazon and Walmart are evaluating the transition to the Stablecoin market.
The report cited people familiar with the issue, saying their efforts are part of a wider push to improve payment efficiency and reduce processing fees.
Amazon and Walmart Eye Stablecoin
The two retail giants are considering multiple options, including issuing their own digital currency and working with them within the Stablecoin consortium, according to the report.
The initiative could show a major change in the way retail payments are processed, allowing merchants to bypass traditional financial intermediaries such as Visa and MasterCard.
These legacy systems often result in higher fees and slower payment times. In contrast, Stablecoins promises near-instant transaction finality and significant cost savings.
With this in mind, Market Observers noted that Amazon and Walmart’s initiatives reflect a growing appetite for large companies to modernize payments using blockchain-based infrastructure.
Plans face regulatory headwinds
Despite growing interest in these assets, the success of Amazon and Walmart’s Stablecoin ambitions may depend on the evolving US regulatory environment.
Our lawmakers are Guide reviews and EstaThe Stablecoins Act (Genius Act) brings vivid national innovation to the United States. The bill has recently advanced in the Senate and is expected to hold a final vote soon.
The proposed law aims to bring stability to the $251 billion Stablecoin market by establishing clear rules for issuance, backing up spares and consumer protection. Its supporters argue that the clarity of regulators will boost public confidence and encourage innovation in emerging industries.
However, the current version of the Genius Act explicitly restricts non-financial public companies from directly issuing Stablecoins.
This limit can pose a major hurdle for businesses like Amazon and Walmart. They must either secure a regulatory exemption or operate through an authorized bank subsidiary.
With this in mind, Alex Thorn, director of research at Galaxy Digital, said it is likely that retailers will need to establish or acquire a regulated financial institution for them to participate. He added that the process involves navigating approvals from the Federal Reserve, FDIC and the Treasury Department.
Despite this potentially complex process, the interests of Amazon and Walmart suggest that major retailers are preparing for the future in which Stablecoin payments will become part of everyday commercial transactions.
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