Walmart and Amazon Consider Launching Their Own Stablecoins, Intensifying Competition Causes Visa and Mastercard Stocks to Plummet

It has been revealed by a Wall Street Journal report on the 13th that major US retailers, including Walmart and Amazon, are considering issuing their own stablecoins. Multinational corporations, including Expedia Group and airlines, are also discussing similar initiatives. If retail companies adopt stablecoin payments, they could bypass traditional payment systems and save billions of dollars annually in fees. This would also resolve issues such as exchange fees at the time of card payments and delays in payment processing, with significant benefits expected particularly in transactions with overseas suppliers. Following these developments, Visa and Mastercard stocks fell by about 5% on the 13th. Visa is part of the Dow Jones Industrial...