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Walmart, Amazon mull creating their own stablecoins: report

Walmart
New York Post Fews App News Provider
Fews App Post Time ha 18d

Walmart and Amazon are reportedly considering issuing or adopting stablecoins in a move that could upend how billions of dollars in consumer payments are processed — and potentially sidestep traditional banking infrastructure. Both Amazon and Walmart have held internal discussions in recent months about launching their own digital currencies or partnering with existing stablecoin providers, according to a report in the Wall Street Journal. Sources told the Journal that Amazon’s discussions remain in the exploratory phase, with some ideas centering on a proprietary coin for use in its online marketplace.

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