Walmart and Amazon are planning a stablecoin payment system.

Gate News bot message, The Wall Street Journal reports that Walmart and Amazon are exploring the issuance of their own stablecoin in the United States or the integration of third-party stablecoins. The move by the two companies aims to drop payment fees and optimize the Settlement process.

Sources revealed that the two companies are continuing to advance their plans while waiting for a clear regulatory framework to be established for the Genius Act stablecoin bill. In addition, Walmart and Amazon are also evaluating joining the merchant-led stablecoin alliance.

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