Amazon and Walmart are actively exploring the possibility of launching their own stablecoins, which could significantly impact payment markets and reduce transaction costs.
Impact on Payment Market
The creation of stablecoins by these major retailers could lower transaction fees, enhance the speed of settlements, and shift payment volumes from traditional banks into the e-commerce sector.
Interest in Stablecoins
The CEOs of Amazon and Walmart, Andy Jassy and Doug McMillon, respectively, have expressed interest in enhancing payment efficiency. This interest echoes past attempts at stablecoin implementation, such as Meta's Libra and PayPal's stablecoin.
Regulatory Aspects and Future
Further decisions and clarifications from regulatory bodies are expected to be critical for the realization of these projects. The increasing interest in stablecoins is also supported by the emergence of the GENIUS Act, which is currently under review by the U.S. Senate.
The exploration of stablecoins by Amazon and Walmart could lead to significant changes in the financial landscape, reducing transaction costs and speeding up settlement processes. However, the realization of these plans depends on regulatory decisions.
