According to reports from the Wall Street Journal, retail giants Amazon and Walmart are actively considering issuing their own stablecoins backed by the US dollar. This strategic move aims to streamline their vast payment and transaction processes by potentially saving billions of dollars in banking fees and transaction costs. Both companies have been exploring this possibility over the past several years, including securing patents related to launching proprietary digital assets.
The introduction of in-house stablecoins would allow these corporations to handle large volumes of transactions outside the traditional financial system, improving supply chain efficiency and reducing exchange rate markups and transaction fees. Amazon posted $638 billion in annual revenue in 2024 with e-commerce sales reaching roughly $447 billion, while Walmart’s global e-commerce exceeded $100 billion in 2023, representing a significant portion of its total sales.
The move also reflects broader institutional interest in stablecoins amidst increasing regulatory clarity in the United States. A stablecoin payment rail could offer faster, cheaper transactions compared to existing banking networks. Other e-commerce players like Shopify have announced plans to integrate USDC payments by the end of 2025, suggesting a growing trend.
Neither Amazon nor Walmart has officially confirmed the stablecoin launch plans, making the initiative currently speculative. Nevertheless, the prospect of major retail companies issuing branded stablecoins signals a significant potential shift toward mainstream digital asset adoption in the commercial sector.