WALMART, AMAZON CONSIDER ISSUING OWN STABLECOINS
Walmart and Amazon are reportedly exploring issuing their own dollar-backed stablecoins to cut transaction costs and speed up e-commerce and cross-border payments by diverting billions in banking fees onto onchain rails. These brand-specific tokens would capitalize on growing regulatory clarity under the GENIUS Act, which aims to standardize stablecoin collateralization and AML compliance. Their moves follow Shopify's planned USDC integration and discussions among banks like JPMorgan and Bank of America about joint stablecoin launches, signaling a broader institutional embrace of regulated digital dollars.