Amazon and Walmart Are About to Drop Their Own Stablecoins — Is This the End of Traditional Banking?

Updated

June 16, 2025

Gambar Amazon and Walmart Are About to Drop Their Own Stablecoins — Is This the End of Traditional Banking?

Jakarta, Pintu News – According to a recent report from the Wall Street Journal, two retail giants, Amazon and Walmart, are considering launching their own stablecoins.

This move is expected to reduce transaction costs and speed up the payment process, which has been dominated by Visa and Mastercard.

The initiative also reflects a growing trend where large corporations are starting to adopt blockchain-based infrastructure to modernize their payment systems.

Stablecoins: The Future Payment Solution

Amazon and Walmart are exploring various options for entering the stablecoin market, including possibly issuing their own digital currencies or collaborating on a stablecoin consortium.

The main advantage of stablecoins is their ability to settle transactions almost instantly, which is in stark contrast to traditional payment systems that often take up to three business days. This not only speeds up access to funds but also reduces the significant fees typically charged by financial intermediaries.

Stablecoins promise significant cost reductions, which could be especially beneficial for companies with high transaction volumes like Amazon and Walmart.

By adopting stablecoins, they can save billions of dollars in transaction fees normally paid to credit card networks. It also enables more effective cash flow management and faster payments to international suppliers.

Regulations and Challenges

The world’s two largest retailers are trying to figure out how to either issue their own stablecoin or use an outside stablecoin…

And there are *still* people who think (hope) crypto will all just go away.

It’s comical at this point.

Not sure what else you need to see. pic.twitter.com/VXurff4UZo
— Nate Geraci (@NateGeraci) June 14, 2025

While there is great interest, the success of the stablecoins issued by Amazon and Walmart depends largely on the regulatory environment in the US. Currently, the US Congress is reviewing the National Innovation for US Stablecoins Act (GENIUS Act), which aims to provide a clear framework for the issuance and consumer protection of stablecoins.

However, the law explicitly prohibits non-financial companies from issuing stablecoins directly, which could be a big obstacle for Amazon and Walmart.

To overcome these regulatory barriers, both companies may need to establish or acquire a regulated financial entity. This process will involve navigating approvals from the Federal Reserve, FDIC, and the Treasury Department.

While the process may be complicated, the interest from Amazon and Walmart shows that they are preparing for a future where stablecoin payments become part of everyday commerce.

Broader Implications for the Finance Industry

If Amazon and Walmart successfully launch their stablecoins, it could significantly change the global financial landscape.

By reducing reliance on traditional payment systems, stablecoins offer a more efficient and cheaper alternative. This not only impacts large corporations but also consumers who may enjoy lower transaction costs and faster access to funds.

In addition, this move could also spark further innovation in blockchain technology and encourage wider adoption of digital currencies across various sectors.

With the backing of two retail giants, stablecoins could gain wider legitimacy and acceptance, which could ultimately strengthen their position as a viable alternative to traditional currencies.

Overall, the initiatives by Amazon and Walmart to develop their own stablecoins mark a pivotal point in the evolution of global payment systems. With the potential to reduce costs and speed up transactions, stablecoins offer a promising path to the future of finance.

However, their success remains dependent on careful navigation of the ever-evolving regulatory landscape.

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