Breaking news: Amazon and Walmart are low-key trying to become crypto cool kids 🤫. According to the Wall Street Journal, these retail giants are exploring the possibility of launching their own digital assets. Because, you know, who needs traditional payment systems when you can have your own stablecoin? 💸
The report spills the tea:
Some of the biggest merchants are exploring how to issue or use stablecoins, potentially shifting the high volumes of cash and card transactions that they handle outside the traditional financial system and saving them billions of dollars in fees. Walmart, Amazon, and other multinational giants have recently explored whether to issue their own stablecoins in the U.S., according to people familiar with the matter.
This isn’t the first time Amazon and Walmart have flirted with crypto. Back in 2019, they were securing patents to launch their own stablecoins. It’s like they’re trying to one-up each other in a game of “Who Can Be More Crypto-Friendly” 🤪.
Walmart’s been trying to “bank the unbanked” for years, which is basically the crypto industry’s motto. And Amazon’s been supporting Web3 Games and whatnot. It’s like they’re trying to collect all the crypto badges 🎉.
The Trump administration’s pro-crypto stance might just give them the push they need. But for now, it’s all just rumors and speculation. Because, you know, companies never announce anything official until they’re good and ready 🤐.
According to the 2019 report, launching their own stablecoin could be a major win for both companies. They could onboard more clients, trim costs, and make their supply chains run smoother. It’s like a crypto-fueled dream come true 💤.
An “in-house” cryptocurrency is going to make that supply chain run better and shave off transaction fees, exchange rate markups, etc.
We think it will be the same story with Amazon, whose supply chain rivals Walmart’s in size and efficiency.
Cover image from Unsplash, chart from Trading. Because who doesn’t love a good chart? 📊
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2025-06-13 14:04