Walmart and Amazon Explore Stablecoins for Global E-Commerce Payments

Walmart and Amazon are reportedly mulling plans to issue their own US dollar-backed stablecoins for customers, signaling wider institutional stablecoin adoption amid improving regulatory clarity in the United States.

The two retail giants are mulling the development of brand-specific stablecoins, according to people familiar with the matter, The Wall Street Journal reported on Friday.

While neither of the two companies confirmed the stablecoin plans, a stablecoin payment system for either firm may take away billions worth of cash flow from their banking partners.

Amazon reported $638 billion worth of annual revenue in 2024, with global e-commerce sales reaching approximately $447 billion for the platform, Statista data shows.

Walmart’s global e-commerce sales surpassed $100 billion in 2023, accounting for 17.8% of the company’s yearly total sales, the firm reported in August 2024.

A stablecoin-based payment rail may offer faster and cheaper transactions, helping large firms save billions in banking fees. Global e-commerce giant Shopify has already confirmed plans to integrate USDC (USDC) payments for its users before the end of 2025, Cointelegraph reported on June 13.

This is a developing story, and further information will be added as it becomes available.