The Potential Impact of Walmart and Amazon Issuing Their Own Stablecoins

Walmart, founded in 1962 by Sam Walton, has grown from a single discount store in Arkansas to become the world’s largest retailer, with a commanding presence in both physical and digital retail landscapes[3]. As of fiscal year 2025, Walmart operates over 10,750 stores and serves approximately 270 million customers each week across 19 countries, employing about 2.1 million associates worldwide[1][2][4]. The company reported $681 billion in revenue for 2025, reflecting a 5.1% increase from the previous year and an 8.6% rise in operating income, underscoring its robust financial health and ongoing expansion[1][4][6]. ## What Walmart Does Walmart is a leader in hypermarkets and discount retail, offering a vast range of products—from groceries and apparel to electronics and home goods—through its extensive network of physical stores, e-commerce platforms, and mobile apps[2][3]. Its business is organized into three main segments: Walmart U.S., Walmart International, and Sam’s Club, a members-only warehouse club[3][5]. The company’s mission—“to help people save money and live better”—drives its focus on everyday low prices, convenience, and customer-centric innovation[2][5]. ## History and Key Achievements Walmart’s journey from a single store to a global powerhouse is marked by relentless expansion, operational efficiency, and technological adoption[3]. Key milestones include the launch of Walmart Supercenters in the 1980s, international expansion beginning in the 1990s, and the rapid growth of its e-commerce business in the 2010s and beyond[3]. Today, online sales account for 18% of Walmart’s revenue, fueled by four consecutive quarters of 20% growth[1]. The company’s retail media network, Walmart Connect, has also surged, with ad revenue up 50% in a recent quarter

Amazon.com, Inc. is a leading American multinational technology company specializing in **e-commerce, cloud computing, digital streaming, online advertising, and artificial intelligence**. Founded in 1994 by Jeff Bezos in Bellevue, Washington, Amazon initially launched as an online bookstore but rapidly expanded into a vast online marketplace known as "The Everything Store," selling a wide array of products across numerous categories[1]. Today, it stands as the **world's largest online retailer and marketplace**. Amazon operates multiple key business segments: Amazon Marketplace for retail sales, Amazon Web Services (AWS) for cloud computing, and Amazon Prime for subscription services, all contributing substantial revenue streams and synergistic benefits[3]. AWS is a powerhouse in scalable cloud infrastructure, serving businesses globally, while Amazon Prime offers fast delivery, streaming video, music, and exclusive deals to millions of subscribers[1][3]. The company’s growth strategy focuses heavily on technological innovation, particularly in **artificial intelligence and robotics**. Its AI-powered products include Alexa, the voice assistant embedded in Echo devices. Amazon’s warehouses employ over 45,000 robots, reflecting its commitment to automation and efficiency in logistics[4]. Capital expenditures for 2025 are projected at $118 billion, emphasizing AI and cloud expansion[4]. Amazon’s notable acquisitions have broadened its market reach and diversified offerings. Key acquisitions include **Whole Foods Market (2017), MGM Studios (2022), Twitch, Ring, and IMDb**, which have enhanced its physical retail presence, media content, and smart home technology portfolio[1][3]. These moves have helped Amazon maintain market dominance with over $574 billion in annual revenue and a market capitalization exceeding $2 trillion[3]. Despite strong retail and advertising performance, Amazon faces challenges such as narrowing AWS margins and increased AI infrastructure competition. However, its Q2 2025 financials showed robust revenue growth, with net sales rising 9% to $155.7 billion, underscoring its resilience and adap