Amazon and Walmart are Preparing to Launch Stablecoins

Amazon and Walmart are reportedly exploring stablecoin initiatives to streamline payments and reduce fees associated with traditional intermediaries like Visa and Mastercard. They are considering issuing their own digital currencies or joining a stablecoin consortium. However, their plans face regulatory challenges due to the US GENIUS Act, which may restrict non-financial firms from issuing stablecoins directly. Both companies may need to establish or acquire regulated financial entities to proceed.