With stablecoins, Walmart, Amazon, and Shopify want to break free from traditional banking channels

With the Genius Act recently passed in the U.S.A., regulating stablecoins for the first time, two retail giants are planning to issue their own corporate cryptocurrencies, or stablecoins. Their goal is to bypass traditional payment systems, avoid interchange fees, and speed up payment processing.

Through Sophie Baqué, Caroline Soutarson. Published on 23 June 2025 à 16h20 - Update on 23 July 2025 à 18h31

In the US, payment disintermediation continues. Walmart (2024 revenue: US$681 billion, including approximately US$100 billion online) and Amazon (2024 revenue: US$638 billion) are considering issuing their own cryptocurrencies, or stablecoins, according to the WSJ, citing sources familiar with the matter.…