Walmart and Amazon are taking steps toward a more modern retail payment system by exploring the issuance of stablecoins. While no official announcements have been made, this development signals a potential shift in how consumers pay for goods and services. 
These tech giants’ interest could lead to significant changes within the U.S. payments system. Stablecoins, pegged to the US dollar, could streamline online transactions and potentially integrate blockchain technology more deeply into their platforms.
Industry experts are watching closely as the launch of these stablecoins might impact existing stablecoin ecosystems like USDT and USDC. It’s also creating a buzz in the crypto market and prompting discussions on new regulations around stablecoin issuance.
Currently, the U.S. Congress is debating the GENIUS Act, which could lay the foundation for regulations that will govern this evolving technology.