Recently, major retailers like Walmart and Amazon are showing interest in launching their own stablecoins, which could change the payment landscape.
Potential for Stablecoin Launch
According to a June 13 report from the Wall Street Journal, the companies are exploring how launching their own stablecoins and integrating them could help streamline payment systems, significantly cutting transaction processing fees and reducing reliance on traditional banking infrastructure.
Companies' Strategy in the Cryptocurrency Space
Notably, Amazon recently opted against the proposal to hold Bitcoin in its treasury, preferring stablecoins as a more practical and stable approach for integrating crypto-like assets into their financial systems.
Growing Interest in Stablecoins from Other Companies
Other major players, including Expedia Group and various airlines in the United States, are also considering similar stablecoin initiatives. The interest in these assets is growing as they demonstrate utility in global payments.
Thus, the interest of Walmart and Amazon in launching stablecoins reflects a broader trend towards streamlining payments and reducing transaction costs in the modern financial ecosystem.
