Key points:
Walmart and Amazon consider stablecoins to reduce payments. Their plans depend on the adoption of Genius Act in Congress. Several companies such as Ripple and Shopify adopt stablecoins. It seems that Walmart and Amazon consider the launch of their own stablecoins supported by the US dollar, according to the sources quoted by The Wall Street Journal. These plans are intended to reduce costs, accelerate payments and reduce dependence on traditional banking systems. The time of these discussions coincides with increasing interest in US companies for blockchain -based payments. However, any step towards launching stablecoins may depend on future Washington legislation. Legisters debate Genius Act, a draft law intended to create clear federal rules for the stablecoins supported by Fiat. The US Senate has recently advanced the draft law, and it will be subject to a final vote on June 17. If approved, the legislation will be sent to the Chamber of Representatives, where a separate version is being reviewed. Both rooms must agree on a unique version before the bill becomes law.
The total capitalization of the Genius ACT stablecoins market would require stablecoins to follow strict rules regarding their cash token support or other safe assets and comply with laws for combating money laundering. The supporters of the draft law claim that it could help modernize payments, while reducing the risks to the financial system. Stablecoins have already gained ground in the private sector. Ripple launched his own token RLUSD last year, and companies like Shopify have integrated payments through partners such as Coinbase and Stripe. Tether, the largest issuer of stablecoins, with $ 155 billion in circulation, also intends to launch a concentrated version on the US, aimed at domestic institutions. Amazon and Walmart have not confirmed reports. However, if any of the companies advance, it could have a significant impact on traditional payments. Amazon reported revenues of $ 638 billion in 2024, while the Walmart's e-commerce business generated over $ 100 billion in 2023. The use of stablecoins could help them save billions in bank taxes. Experts believe that the adoption of stablecoins in the US could accelerate if new federal rules are adopted. The Secretary of the US Treasury, Scott Bessent, recently said that the Stablecoin market could grow to over $ 2 trillion by 2028, with the right regulations.