The reported move by Amazon and Walmart to launch stablecoins, as per the WSJ, aligns with a 2023 Brookings study showing stablecoins’ daily trading volume exceeding $100 billion, suggesting a shift toward corporate control of digital payments amid regulatory uncertainty.
This development echoes Meta’s failed 2019 Libra project, which collapsed due to regulatory pushback from the Federal Reserve, highlighting a pattern where major firms face similar scrutiny—supported by a 2022 analysis from the European Central Bank noting stablecoin risks to monetary sovereignty.
The trend could pressure the U.S. Federal Reserve to accelerate its digital dollar plans, as a 2025 Senate vote on the GENIUS Act (68-30) indicates growing legislative momentum to regulate stablecoins, potentially reshaping global financial systems.
