Amazon, Walmart Consider Stablecoin Launches to Cut Payment Costs

Retail behemoths Amazon and Walmart are evaluating the issuance of USD-backed stablecoins, a move that could save billions in transaction fees according to a Wall Street Journal report. The development coincides with impending U.S. Congressional votes on the Genius Act, which would establish a regulatory framework for stablecoins.

Stablecoin adoption accelerates as corporations seek alternatives to traditional payment rails. Walmart previously experimented with a proprietary token in 2019, while Amazon has tested blockchain-based escrow systems. Shopify joins the trend, with small and medium enterprises increasingly adopting stablecoin payments.

Tech giants including Apple, Google, and X (formerly Twitter) are actively developing stablecoin solutions. Google has already processed two stablecoin transactions, while X pursues payment infrastructure expansion through its X Money app. Airbnb negotiates with Worldpay to circumvent credit card networks, reflecting broader industry frustration with legacy payment systems.