Amazon’s efforts to develop a stablecoin are still in the “early stages,” according to the Journal, and there are a lot of questions to sort out. There have reportedly been discussions to use outside stablecoins to settle transactions, but there’s also the possibility the online giant could develop its own.

The U.S. GENIUS Act, advancing in the Senate, could drive broader adoption of stablecoins by offering regulatory clarity. Major firms such as Bank of America, Morgan Stanley, and international banks are exploring launching their own stablecoins.

Retailers consider move that could upend how billions are processed — and potentially sidestep traditional banking infrastructure altogether.

Walmart and Amazon's plans to move payments to stablecoin from traditional payments is not easy says analysts.

Walmart and Amazon are reportedly exploring their own corporate stablecoins as a customer payment option, which could potentially reduce the billions of dollars the retailers pay in credit transaction fees.

Retailers such as Amazon and Walmart pay commissions Visa or Mastercard every time a customer uses these cards. Of course, stores are not happy about

The firm's stablecoin clearing system aims to facilitate adoption by solving the stablecoin sector's fragmentation problem.

The retail giants are kicking the tires on their own currency. The potential prize is a way to reimagine prepaid cards and gain a key position as new forms of artificial intelligence-powered payments take off.

Walmart and Amazon's interest in stablecoin offerings comes several weeks after major US banks, including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo, announced that they were engaged in early-stage talks about a joint stablecoin project.

Visa faces a disruptive threat from major customers Amazon and Walmart developing in-house blockchain-based payment solutions. Find out why V stock is a Sell.