Walmart (WMT) and Amazon (AMZN) are considering issuing their own stable in the United States, according to a report by the Wall Street Journal.
These corporate digital tokens, linked to the US dollar or other currencies backed by the government, could drastically reduce merchants and accelerate payment agreements, interrupting the domain of traditional financial institutions.
The measure depends on the approval of the Genius Law, a proposed regulatory framework for the stables that recently approved a key procedural step in Congress. If approved, you could pave the way for large companies to adopt or emit Stablecoins as an alternative to existing payment rails.
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Both companies are still in the early stages, exploring private currencies or stablecoin associations of third parties, the report added.
Walmart, interested in financial services for a long time, is also pressing amendments that would increase the competition of credit cards.
Walmart, Amazon was not immediately available to comment at the time of publication.
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