OMG, you won’t believe this! The retail giants Amazon and Walmart are reportedly considering issuing their very own stablecoins, backed by the almighty US dollar. According to the Wall Street Journal, these two e-commerce behemoths are exploring the possibility of joining the crypto party and streamlining e-commerce and cross-border payments. 💸💳
From TradFi to DeFi: The Great Migration
By adopting stablecoins, Amazon and Walmart could potentially drive the massive volume of cash and card transactions they handle into the world of Decentralized Finance (DeFi). With Amazon’s annual revenue reaching a whopping $638 billion in 2024 and Walmart’s global e-commerce sales exceeding $100 billion in 2023, this move could have a significant impact on the traditional finance (TradFi) sector. 🏦💸
But don’t worry, customers of these American companies will save billions of dollars in transaction fees by utilizing stablecoins and enjoy more instant settlements in seconds. No more waiting for days for your money to arrive! 🕰️🚀
While both companies are still exploring the possibility of stablecoin issuance, this move reflects the growing mainstream recognition of crypto’s potential. Apple and Airbnb are also reportedly considering corporate issuance of stablecoins for payment. 🍎🏠
Stablecoin Regulation: The US Takes the Lead
The push towards stablecoin adoption is noteworthy because it indicates the improving regulatory framework in the United States and other jurisdictions. The crypto industry has been advocating for Congress to pass the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS ACT) soon. This bill would implement strict anti-money laundering (AML) and know-your-customer (KYC) protocols, as well as require issuers to maintain 1:1 reserves backed by US dollars. 📜🔒
The US Senate successfully advanced the stablecoin bill with a 62-32 procedural vote, and the final vote is scheduled for June 17. So, get ready for a world where Amazon and Walmart have their own cryptocurrencies, and stablecoins become as common as your morning coffee. ☕️🤑
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2025-06-13 20:29