Recent news shows that retail giants Walmart and Amazon are considering launching a dollar-backed stablecoin for their customers. This move reflects the increasing acceptance of stablecoins by institutions as the regulatory environment in the United States gradually improves.

According to The Wall Street Journal, sources have revealed that the two retail giants are exploring the development of their own branded stablecoin solutions. Although there has not yet been official confirmation from either company, if either company implements this plan, it could result in their banking partners losing billions of dollars in business revenue.

According to the data, Amazon's total revenue in 2024 is expected to reach $638 billion, with global e-commerce sales accounting for approximately $447 billion. Meanwhile, Walmart's e-commerce business surpassed $100 billion in 2023, accounting for 17.8% of its total sales for the year.

The adoption of a stablecoin payment system is expected to bring more efficient and cost-effective transaction methods, which could save these retail giants a significant amount in bank fees. Notably, the global e-commerce platform Shopify has announced plans to integrate USDC payment functionality for its users by the end of 2025.

The development in this field is still ongoing, and we will pay attention to more relevant information disclosures.