Amazon and Walmart Might Launch Their Own Cryptocurrencies In Brief:

In Brief:

Amazon and Walmart are reportedly exploring dollar-backed stablecoins

Part of a wider trend as tech giants and banks enter the stablecoin race

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Amazon and Walmart are reportedly exploring the launch of their own U.S. dollar-backed cryptocurrencies, according to the Wall Street Journal. The move would signal a major step into the digital asset space by two of the world’s largest retailers.

This comes as part of a growing trend. Apple, Airbnb, and other tech giants are said to be considering similar corporate stablecoin strategies. Traditional financial institutions like Bank of America and Fidelity are also preparing to participate, either by supporting or issuing stablecoins themselves.

The timing coincides with positive momentum on the regulatory front. The GENIUS Act, designed to provide a clear framework for stablecoin oversight, recently advanced in the U.S. Senate. A final vote is set for June 17.

With stablecoin usage rising and legal clarity improving, Amazon and Walmart’s potential entry into crypto could reshape digital commerce, payments, and customer loyalty across the globe.

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