Walmart and Amazon are exploring the issuance of their proprietary stablecoin.

BlockBeats News reported on June 13 that, according to the WSJ, some of the world's largest retailers are exploring ways to issue or use stablecoins. This could potentially shift vast amounts of cash and card transactions outside the traditional financial system, saving them billions of dollars annually in transaction fees.

According to sources familiar with the matter, multinational giants such as Walmart and Amazon have recently been investigating the possibility of issuing their own stablecoins in the United States. Cryptocurrencies issued by corporations could potentially divert payment activities away from banks and the traditional financial system.