Walmart & Amazon Eye Stablecoin Launches as U.S. Regulation Advances
Hey Payments Fanatic!
Retail giants Walmart and Amazon are reportedly exploring the launch of USD-backed stablecoins, aiming to streamline payments and cut billions in banking fees, according to the Wall Street Journal.
With Amazon’s $447 billion in e-commerce sales (2024) and Walmart’s over $100 billion in global e-commerce, even a partial shift to stablecoin rails could reshape how money moves across retail. While both companies have yet to confirm, insiders say brand-specific stablecoins are under serious consideration.
The move aligns with growing momentum across U.S. commerce:
- Shopify is integrating USDC by the end of 2025
- DTCC calls stablecoins ideal for real-time collateral management
- JPMorgan, BofA, and Wells Fargo have also discussed joint stablecoin efforts
All eyes are on Washington, where the GENIUS Act, a bill regulating stablecoins, has just passed a 68–30 Senate vote, advancing to full debate. The legislation could provide the clarity that big tech companies and retailers need to enter the stablecoin space confidently.
As regulatory rails firm up, the question becomes when, not if, household brands will mint their digital dollars.
Read more global payment industry updates below 👇 and I'll be back with more tomorrow!
Cheers,
Get the Latest in Paytech! Join my new Telegram channel for daily updates on paytech trends and exclusive insights. Connect with industry enthusiasts and stay on top of innovation!
NEWS
🇺🇸 New Coinbase One Card to launch on the American Express Network. The card will offer up to 4% Bitcoin back on every purchase, provided by Coinbase and Cardless, and issued by First Electronic Bank. The card will be exclusively available to U.S. members. Meanwhile, Coinbase partners with Shopify to bring USDC payments to merchants. Coinbase’s Jesse Pollak discusses the company’s new partnership. Watch the complete interview
🇧🇷 Nubank launches automatic Pix, accompanied by intelligent account search. Recurring bill payments can be set up automatically through the app, which will be available to the financial institution's customers starting next Monday (16/6). The new feature comes with a smart search feature.
🇧🇷 InDrive partners with Belvo to facilitate Pix via open finance on its platform. Customers will be able to pay seamlessly with Pix when utilising inDrive’s ride-hailing and delivery services. Working with Belvo, the new feature enables fast, secure, and intuitive Pix transactions, fully embedded within the inDrive app.
🌍 Greece joins EuroPA through IRIS Payments. Through the IRIS Payments partnership, DIAS will further simplify instant mobile payments within Europe for its active users, contributing to the formation of a unified network expected to serve citizens across 10 European countries.
🇺🇸 U.S. Bank and Fiserv unite to boost digital card solutions. The primary goal of the partnership is to integrate Elan’s credit card issuing capabilities into Fiserv’s Credit Choice platform, creating a more unified and user-friendly digital experience. This will enable financial institutions to offer both debit and credit card information in a single, seamless interface for consumer and small business customers.
🇪🇸 FinTech company Silbo Money is opening its WhatsApp payments platform to the public, aiming to reach 30,000 users this year. The Seville-based firm, backed by former BBVA CEO Ángel Cano, completes its testing phase and announces its launch to challenge Bizum.
🇺🇸 GrailPay raises $6.7 million for remedial ACH platform. The company will use the funds to grow its product and engineering teams, expand go-to-market efforts, and bring new capabilities to its risk models. Read more
Want your message in front of 100.000+ FinTech fanatics, founders, investors, and operators?
Shoot me a message on LinkedIn or send me an e-mail.
Comments ()