Walmart and Amazon Are Exploring Issuing Their Own Stablecoins
- Corporate coins could take payments activity away from banks and the traditional financial system
By Gina Heeb, AnnaMaria Andriotis, Josh Dawsey
Updated June 13, 2025 4:51 pm ET
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FROM TLDR 2025-06-16
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Walmart and Amazon Are Exploring Issuing Their Own Stablecoins
Several multinational giants, including Walmart and Amazon, are discussing potential efforts to issue stablecoins. Whether these initiatives will go ahead depends on a bill still yet to clear the Senate and House called the Genius Act, which establishes a regulatory framework for stablecoins. Stablecoins could allow merchants to bypass traditional payment rails, which cost them billions of dollars in fees each year. A regulatory framework for stablecoins would enable an alternative payment type for merchants that could significantly lower their expenses and create competition against Visa and Mastercard.
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To me this is BIG (<synonym for the act of procreation in real time>) deal.
I never understood why Walmart was allowed to establish its own bank. The politicians and bureaucrats are always whining about the “poor unbanked”. But Walmart could solve that problem quickly, cheaply, and easily. So could Amazon.
Stablecoins by either of them could serve the same purpose as a bank without the regulatory hassle.
Let’s wait and see. Competition in the “traditional financial system” for JP Morgan Chase, Bank of America, Visa, and Mastercard could certainly be good for the consumers.
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