Amazon and Walmart Explore Launching Their Own Stablecoins Amid U.S. Federal Government Assistance and Rising Institutional Adoption
Retail giants Amazon and Walmart are reportedly checking out the launch of their own U.S. dollar-pegged stablecoins, according to The Wall Street Journal. The post Amazon and Walmart Explore Introducing Their Own Stablecoins Amid U.S. Government Assistance and Surging Institutional Adoption appeared initially on Tekedia.
Retail giants Amazon and Walmart are reportedly checking out the launch of their own U.S. dollar-pegged stablecoins, according to The Wall Street Journal. Amazon and Walmart’s consideration of stablecoins underscores a growing pattern of institutional adoption and comes at a time when stablecoins are increasingly being positioned not just as a private sector innovation– but as a tool of national financial strategy. Major financial institutions like JPMorgan Chase, Citigroup, Bank of America, and Wells Fargo are already working on releasing a joint stablecoin, while travel tech companies like Expedia and U.S. airlines are looking into stablecoin integration to enhance payments and reduce cross-border transaction frictions.
Retail giants Amazon and Walmart are supposedly exploring the launch of their own U.S. dollar-pegged stablecoins, according to The Wall Street Journal. Amazon and Walmart’s consideration of stablecoins highlights a growing trend of institutional adoption and comes at a time when stablecoins are increasingly being positioned not just as a private sector development– but as a tool of national monetary strategy. Major financial institutions like JPMorgan Chase, Citigroup, Bank of America, and Wells Fargo are already working on introducing a joint stablecoin, while travel tech companies like Expedia and U.S. airlines are looking into stablecoin integration to enhance payments and lower cross-border transaction frictions. U.S. Treasury Secretary Scott Bessent, speaking before a Senate Appropriations subcommittee on Wednesday, forecasted that dollar-linked stablecoins could exceed $2 trillion in market capitalization, positioning them as a strategic financial instrument for global economic development. ‘This administration is committed to maintaining the reserve currency status and enhancing that,’ Bessent added, reinforcing the notion that stablecoins are now being considered an extension of U.S. financial policy.
