BENTONVILLE, Ark.— Walmart and Amazon are actively considering launching their own stablecoins—a move that could disrupt the traditional payments system and potentially save the retail giants billions in transaction fees, the Wall Street Journal reported.
PYMNTS said that sources familiar with the matter say other major multinationals—including Expedia Group and several major airlines—are also weighing similar moves, signaling a potential shift in how high-volume U.S. merchants manage payments.
PYMNTS noted the timing of these deliberations is closely tied to the legislative progress of the GENIUS Act, which may likely become the nation’s first comprehensive stablecoin law.
As CUToday.info reported, the Senate last week voted 68-30 to advance the GENIUS Act, which establishes clear guidelines for stablecoin issuers.
PYMNTS pointed out the GENIUS Act would require stablecoin issuers to maintain robust capital and liquidity buffers, comply with anti-money laundering standards, and submit regular reserve attestations.
As CUToday.info has reported, a final Senate vote on the legislation is expected soon.