Walmart, Amazon consider issuing own stablecoins: WSJ

Retail giants Walmart and Amazon are reportedly evaluating digital currencies to streamline e‑commerce and boost cross‑border transactions.

Walmart and Amazon are reportedly mulling plans to issue their own US dollar-backed stablecoins for customers, signaling wider institutional stablecoin adoption amid improving regulatory clarity in the United States.

The two retail giants are mulling the development of brand-specific stablecoins, according to people familiar with the matter, The Wall Street Journal reported on Friday.

While neither of the two companies confirmed the stablecoin plans, a stablecoin payment system for either firm may take away billions worth of cash flow from their banking partners.

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