The era of stablecoins has successfully reached the doorsteps of top merchandise platforms Amazon.com Inc (NASDAQ: AMZN) and Walmart Inc (NYSE: WMT). According to the Wall Street Journal (WSJ), both firms are considering the possibility of issuing stablecoins backed by the United States dollar.
Handing Liquidity from TradFi to DeFi With Stablecoins
With this stablecoin move, multinational companies Amazon and Walmart aim to streamline e-commerce and cross-border payments. They want to drive the massive volume of cash and card transactions that they handle into the Decentralized Finance (DeFi) sector.
Amazon recorded $638 billion in annual revenue in 2024, while its global e-commerce sales topped $447 billion. Similarly, Walmart’s global e-commerce sales exceeded $100 billion in 2023, accounting for 17.8% of the company’s yearly total sales.
Adopting stablecoin for their payments move could relegate the Traditional Finance (TradFi) system, especially if it fails to in
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