Amazon, Walmart Consider Issuing USD-Pegged Stablecoins for U.S. Market: Wall Street Journal

Amazon and Walmart Explore Launching U.S. Stablecoins Amid Push for Payment Innovation: WSJ

Retail titans Amazon (AMZN) and Walmart (WMT) are weighing the development of their own stablecoins as a way to streamline payments and reduce dependence on traditional banking infrastructure, the Wall Street Journal reported Thursday.

The proposed digital currencies would be pegged to the U.S. dollar and could offer both companies a strategic alternative to costly credit card fees while enabling real-time settlement of transactions. If launched, these stablecoins could represent one of the largest corporate-led shifts in how U.S. consumers pay for goods.

The exploration comes as the Genius Act, a key piece of stablecoin legislation, moves closer to passage in Congress. The bill’s approval would provide a regulatory green light for non-financial corporations to issue or integrate digital dollar tokens into their payment ecosystems.

While no formal decisions have been made, Amazon and Walmart are reportedly evaluating whether to develop proprietary tokens or collaborate with third-party stablecoin issuers, sources familiar with the matter told the Journal.

Walmart, which has long expressed interest in financial services, is also advocating for increased competition in the credit card space, aiming to lower interchange fees.

Spokespeople for both companies declined to comment.