Walmart & Amazon: Stablecoin Plans Revealed
- Retail giants Amazon and Walmart are considering launching their own stablecoins, a move that could revolutionize the payments sector.
- dollar, are gaining traction as a means to streamline transactions and store value.
- The GENIUS Act, having cleared a key procedural vote in the Senate by a 68-30 margin, seeks to establish clear guidelines for stablecoin regulation.
amazon and Walmart are poised to disrupt the payments landscape by exploring the issuance of their own stablecoins, a move set to revolutionize retail transactions. This comes as the GENIUS act, designed to regulate dollar-backed stablecoins, advances through the Senate, promising significant changes for the financial sector. The potential benefits are significant: retailers could bypass traditional card networks, slashing transaction fees and speeding up payments.The GENIUS Act aims to ensure consumer protection while mandating reserve requirements and anti-money laundering standards for stablecoin issuers. News Directory 3 reports on this story and others impacting the digital asset sector, noting that the bill’s broad scope, including proposals on credit card fee caps, has sparked considerable debate. Discover what’s next as the retail and financial worlds collide with primary_keyword and secondary_keyword.
Amazon, Walmart Eye Stablecoin Issuance as GENIUS Act Advances
Updated June 13, 2025
Retail giants Amazon and Walmart are considering launching their own stablecoins, a move that could revolutionize
the payments sector. This exploration comes as the GENIUS Act, legislation designed to regulate
dollar-backed stablecoins, gains momentum in the Senate.
Stablecoins, digital currencies pegged to the U.S. dollar, are gaining traction as a means to streamline
transactions and store value. For major retailers, the appeal lies in potentially bypassing traditional card
networks, leading to significant savings on interchange fees and faster transaction times, especially for
international payments.
The GENIUS Act, having cleared a key procedural vote in the Senate by a 68-30 margin, seeks to establish clear
guidelines for stablecoin regulation. the bill mandates that dollar-backed stablecoins maintain full reserves
and be subject to oversight by federal or state regulators. Sen. Bill Hagerty, R-Tenn., a proponent of the
bill, argues the GENIUS Act will safeguard consumers, foster innovation, and bolster the U.S. dollar’s global
position.
Though, the GENIUS Act has sparked debate over financial regulation. With over 120 proposed amendments,
including provisions on credit card fee caps and presidential trade powers, the bill’s scope has expanded
beyond stablecoins. Walmart has reportedly lobbied for an amendment to promote competition within the credit
card industry, reflecting retailers’ ongoing concerns about card network fees.
The GENIUS Act would require stablecoin issuers to maintain ample capital and liquidity, adhere to
anti-money laundering standards, and provide regular reserve attestations.The digital asset sector is closely
monitoring the bill’s progress, anticipating that regulatory clarity could spur innovation or introduce new
systemic risks.
What’s next
as the regulatory landscape for digital assets evolves, the potential entry of major retailers like Amazon and
Walmart into the stablecoin market underscores the need for banks, FinTech companies, and payment processors to
adapt to the rapidly changing digital economy.