Retail Giants Eye Cryptocurrency: Amazon and Walmart Explore Launching Proprietary Stablecoins
(Chris Ratcliffe/Bloomberg News)
A recent publication by the Wall Street Journal reveals that major corporations like Amazon and Walmart are contemplating the launch of their own stablecoins in the U.S. This move could reshape how transactions are conducted.
The discussion isn’t limited to retail giants; companies like Expedia and various airlines are also exploring similar options. Stablecoins, which are digital currencies tied to stable assets such as the dollar, offer a more reliable alternative for payments compared to their more volatile counterparts.
The political landscape is shifting too. With Donald trump potentially returning to office and new legislation making its way through Congress, there’s a growing excitement around stablecoins. Proponents argue these digital currencies could significantly lower transaction costs and expedite payment processes.
(Alan Diaz/Associated Press)
Tether’s USDT remains the leading stablecoin with an impressive circulation of $155 billion. Meanwhile, credit card giants Visa and Mastercard experienced declines in premarket trading—Visa dropped by up to 2.8% while Mastercard fell by 1.7%. The prospect of retailers like Amazon and Walmart establishing their own blockchain payment systems poses a serious threat to traditional credit card revenue streams.
Interestingly, this trend isn’t just confined to North America; countries like China have already made significant strides with their digital yuan initiative aimed at modernizing payments while maintaining state control over currency flows.
Walmart leads as North America’s largest private carrier according to Transport Topics Top 100 list while Amazon holds multiple top spots across logistics rankings—highlighting how intertwined these companies have become within both retail and transportation sectors.
Catch today’s daily briefing below or visit here for further details:
Content Original Link:
" target="_blank">
