Walmart and Amazon actively explore the publication of their own stablescoins, a decision that could upset the ecosystem of traditional payments and potentially save these retail giants of billions of transaction costs, according to a report by the Wall Street Journal. Familiar sources with the question indicate that other large multinationals, in particular Expedia Group and Major Airlines, also envisage similar initiatives, signaling a potential change in the way in which high volume merchants manage payments in the United States
Stablecoins – Digital tokens fixed one by one to fiduciary currencies such as the US dollar – have gained ground as a means of storing value and facilitating cryptographic transactions. For merchants, the call is clear: bypassing the inherited card networks could reduce exchange costs and accelerate settlement times, in particular for cross -border transactions.
The time of these deliberations is closely linked to the legislative progress of the Act on Engineering, which is about to become the first complete law of Stablecoin. The bill, which recently erased a procedural vote from the key senate with a margin of 68-30, aims to establish clear rules for the stablecoins supported in dollars, forcing them to be fully reserved and to the monitoring of federal or state regulators. Supporters, including the bill of bill, Senator Bill Hagerty (R-TN), argue that the law on engineering will protect consumers, stimulate innovation and strengthen the global position of the US dollar.
However, the bill has become a flash point for broader debates on financial regulations. More than 120 modifications have been proposed, in particular provisions unrelated to stabbed, such as credit card costs and presidential trade powers. These additions could transform legislation into a battlefield for the future of payments. In particular, Walmart has put pressure for an amendment to introduce more competition in the credit card sector, reflecting the long -standing frustration of merchants with the network’s network fees.
The coverage of the Pymnt stresses that the law on engineering would oblige stablecoin issuers to maintain buffers of rustic capital and liquidity, comply with anti-whiteness standards and submit regular reserve certificates. The fate of the law on genius remains uncertain, with a final vote of the Senate expected soon and a consideration at the house to follow. Meanwhile, the digital asset sector looks closely if the regulatory clarity will trigger a new wave of innovation led by merchants – or will introduce new systemic risks.
As the regulatory landscape is evolving, the prospect of Walmart, Amazon and other large retailers launching Stablecoins underlines the emergency for banks, fintechs and payment providers to adapt to a rapidly evolving digital economy.
