Walmart and Amazon are both in discussions to launch U.S. dollar-backed stablecoins aimed at their vast customer bases. According to reports, Amazon achieved $638 billion in annual revenue in 2024, while Walmart's global e-commerce sales exceeded $100 billion in 2023. This potential move by major retailers could greatly enhance cryptocurrency acceptance within mainstream commerce, making it easier for consumers to utilize digital currencies for day-to-day transactions. As noted by industry analyst Mark Johnson, "The entry of corporate giants into the stablecoin domain represents a significant endorsement for cryptocurrencies and may pave the way for widespread adoption." This news comes as Bitcoin approaches a crucial price point of $40,000, adding to the overall bullish sentiment in the market.
Walmart and Amazon Explore Launching Dollar-Backed Stablecoins
Walmart and Amazon are reportedly considering issuing their own stablecoins, signaling another leap in crypto adoption.
Jamie Bennett
Crypto Analyst
5 min read
30,504
Analysis
Market Sentiment
Bearish
Neutral
Bullish
News Impact
8/10
Credibility: 9/10
Trading Recommendation
BTC
BTC
BUY
Entry Price
$40000
Confidence
800%
Stop Loss
$39000
Take Profit
$42000 - $43000
Bullish sentiment due to major companies considering stablecoins suggests increased adoption, making it a favorable time to enter a long position.
