Walmart (WMT) and Amazon (AMZN) plan to publish their own stablecoins in the United States, according to a Wall Street Journal report.
These corporate digital tokens, fixed to the US dollar or other currencies supported by the government, could considerably reduce merchant costs and accelerate payment regulations, disturbing the domination of traditional financial institutions.
This decision depends on the adoption of the Act on Engineering, a regulatory framework proposed for the Stablecoins which recently succeeded in a key procedure in the congress. If it is adopted, it could open the way to large companies to adopt or issue stablescoins as an alternative to existing payment rails.
Read more: The Senate begins the adoption of the Stablecoin bill while the marks of the Chamber are victories on the structure of the
The two companies are still at the first stages, exploring private parts or third -party partnerships in Stablecoin, added the report.
Walmart, long interested in financial services, also puts pressure on changes that increase credit cards competition.
Walmart, Amazon was not immediately available to comment at the time of the press.
Read more: Approval of the Stablecoin invoice in the United States could trigger a long-term cryptographic bull market: Bitwise
