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Top American retailers like Amazon, Walmart and travel company Expedia are exploring the launch of their own stablecoins to reduce payment processing expenses. This move could help merchants save billions in fees paid to credit card networks such as Visa and Mastercard. These fees typically range between 1 to 3% per transaction which adds up quickly for companies handling massive payment volumes.
Stablecoins offer faster and cheaper transactions allowing merchants to receive funds instantly rather than waiting up to three business days. Faster settlements could improve cash flow and help businesses manage global supply chains more efficiently especially for international supplier payments. Companies are considering developing their own coins or using external stablecoins issued by a consortium.
Major US banks like JPMorgan and Wells Fargo are also exploring stablecoin strategies to compete with digital asset platforms. The future of these initiatives hinges on the GENIUS Act which aims to set a stablecoin regulatory framework. A final Senate vote on the bill is expected on June 17.
