Amazon and Walmart are Preparing to Launch Stablecoins
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5days ago
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According to Wall Street reports, both Amazon and Walmart are evaluating a move into the stablecoin market. The reports, citing people familiar with the matter, stated that their effort is part of a broader push to improve payment efficiency and reduce processing fees. Amazon and Walmart Eye Stablecoin According to the report, the two retail giants are considering multiple options, including issuing their own digital currencies or collaborating within a stablecoin consortium. This initiative could mark a major shift in how retail payments are processed, allowing merchants to bypass traditional financial intermediaries like Visa and Mastercard. These legacy systems often impose high fees and slow settlement times. In contrast, stablecoins promise near-instant transaction finality and significant cost reductions. Considering this, market observers pointed out that Amazon and Walmart’s initiative reflects a growing appetite among large corporations to modernize payments using blockchain-based infrastructure. Pl