Walmart and Amazon have a shocking new plan

June 14, 2025 01:42 AM AEST | By EODHD

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Walmart and Amazon have a shocking new plan — Image source: Kalkine Media

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Walmart and Amazon have a shocking new plan originally appeared on TheStreet. U.S. retail giants Amazon (Nasdaq:AMZN) and Walmart (NYSE:WMT) are reportedly exploring issuing their own stablecoins, The Wall Street Journal reported on 13 June. A stablecoin is a type of cryptocurrency that, unlike traditionally volatile cryptocurrencies such as Bitcoin, aims to maintain a stable value. It is generally pegged to a fiat currency such as the U.S.

dollar or a commodity such as gold. As per the report, Amazon and Walmart are mulling the introduction of stablecoins pegged to the U.S. dollar. Streamlined global payments, lower processing fees, and less dependence on traditional fund transfer infrastructure are among the most prominent factors behind the pivot. Travel tech firm Expedia Group Inc.

and some U.S. airlines are also among the companies that are considering the integration of stablecoin payments into their systems, the report mentions. However, Amazon and Walmart might also be closely observing the progress of the GENIUS Act that deals with stablecoin regulation, as the bill has been criticized by the Democrats. Stablecoins are emerging as a viable payments solution for traditional retail institutions of late due to a faster and more economic model. As reported earlier, companies owned by Wall Street giants such as JP Morgan Chase, Bank of America, Citigroup, and Wells Fargo are also considering launching a joint stablecoin.

As per DeFiLlama, the total stablecoin market cap is worth $251 billion, with Tether's USDT and Circle's (NYSE:CRCL) USDC themselves accounting for more than 86% of market share. Fintech giant PayPal's PYUSD lags far behind, with a mere 0.0036% share. On the other hand, USD1 — the stablecoin launched by a crypto project linked to President Donald Trump — is slightly ahead of it with a 0.0086% share. Walmart and Amazon have a shocking new plan first appeared on TheStreet on Jun 13, 2025 This story was originally reported by TheStreet on Jun 13, 2025, where it first appeared. View Comments

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