Walmart Inc. and Amazon.com Inc. are evaluating the creation of their own U.S.-dollar-pegged stablecoins, the Wall Street Journal reported, citing people familiar with the matter.
The move could steer a significant share of the retailers’ cash and card transactions away from traditional payment networks, potentially saving the companies billions of dollars in processing fees while accelerating settlement times for customers and suppliers. The Journal added that some merchants are also looking into accepting stablecoins from their vendors.
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