Overview

• Walmart and Amazon are in early-stage discussions to launch proprietary stablecoins or partner with existing issuers in the United States.
• Passage of the GENIUS Act next week would establish regulatory requirements such as monthly reserve disclosures and anti-money-laundering safeguards for stablecoin issuers.
• Dollar-pegged tokens could reduce merchant processing fees and speed up payment settlements by bypassing traditional banks and card networks.
• Expedia Group, major airlines, and banks including Deutsche Bank and Santander are also weighing stablecoin adoption or issuance.
• Walmart is concurrently lobbying for amendments to increase competition in the credit-card market alongside its digital currency plans.