Walmart ($WMT) and Amazon ($AMZN) are reportedly exploring launching their own stablecoins—a bold step that could reshape how Americans pay for everyday purchases and potentially sidestep billions in fees to credit card giants like Visa ($V) and Mastercard ($MA).
According to The Wall Street Journal, the two retailers are looking into issuing dollar-pegged cryptocurrencies that would allow customers to pay for goods without relying on traditional banking systems or credit networks. This move could significantly reduce interchange fees—the transaction costs companies pay every time a customer uses a credit card.
“Stablecoins offer an efficient, cost-saving alternative for retailers handling massive transaction volumes,” the report noted.
Why it matters:
- Visa and Mastercard shares fell after the news — with $V down 5% and $MA dropping 4%.
- Stablecoins, unlike volatile cryptocurrencies like Bitcoin, are pegged to the US dollar, ensuring price stability and smoother adoption for mainstream commerce.
- Expedia ($EXPE) and several airlines are also reportedly evaluating similar digital currency options.
The Legal Hurdle:
The Senate is currently reviewing the Genius Act, a proposed bill that would establish the legal framework for private companies to issue stablecoins. It has passed a procedural vote but still needs full approval from both chambers of Congress.
No Comment—Yet:
- A Walmart spokesperson declined to comment on the matter.
- Amazon has not responded to requests for comment.
As companies continue to experiment with Web3 and crypto payments, a stablecoin launched by retail giants could bring mainstream crypto adoption to checkout lanes—while disrupting traditional financial rails in the process.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
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