Media reported on Walmart and Amazon’s plans to issue their own stablecoins

The emergence of such assets could divert billions of dollars in cash flow away from the companies’ banking partners

WSJ: Walmart and Amazon are exploring the possibility of issuing dollar-linked stablecoins

13.06.2025 - 13:15

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3 min

What’s new? Retail giants Walmart and Amazon are considering issuing their own dollar-pegged stablecoins to simplify payments, speed up settlements, and reduce settlement costs, WSJ reporters report. Further plans depend on advancing legislation to regulate stablecoin issuers in Congress.

Material by WSJ

What else is known? The introduction of payment systems based on stablecoins could divert billions of dollars in cash flow from Walmart and Amazon’s banking partners, but so far neither company has confirmed the media claims.

Amazon reported revenue of $638 billion in 2024, with the e-commerce platform accounting for $447 billion of that, according to Statista. Walmart’s online sales topped $100 billion in 2023, accounting for 17,8% of the company’s annual sales, it reported in August 2024.

A payment system based on stablecoins will provide faster and cheaper transactions, helping large companies save billions of dollars in bank fees.

US Treasury Department head has allowed the possibility of growth of the steblecoin market to $2 trillion

According to Scott Bessent, such assets will expand the global influence of the dollar

For its part, global e-commerce giant Shopify has already confirmed plans to integrate USDC stablecoin payments from issuer Circle for its users by the end of 2025.

Firms associated with banks JPMorgan, Bank of America, Citigroup, and Wells Fargo have also discussed a potential joint stablecoin launch. DTCC Digital Assets sees stablecoins as an “ideal” financial tool to modernize the financial system.

South Korea’s ruling party has drafted a bill to legalize stablecoins

The document aims to increase transparency and encourage competition in the crypto sector

Walmart and Amazon’s launch of stablecoins depends on the outcome of a bill introduced in the US Senate under the acronym GENIUS (Guiding and Establishing National Innovation for US Stablecoins).

The document establishes requirements for securing stablecoins and complying with AML laws, which could facilitate widespread institutional adoption of this asset type in the US.

The Senate voted 68 to 30 in favor of GENIUS on June 12, and Majority Leader John Thune urged members of Congress to support the bill, which still has several stages of consideration to go.

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