Walmart, Amazon, and other massive global companies are reportedly looking into the benefits of having their own stablecoins.

Amazon and Walmart are exploring stablecoin solutions to reduce payment processing costs and bypass traditional intermediaries like Visa.

Walmart and Amazon are considering issuing stablecoins, The Wall Street Journal reports, citing anonymous sources.

Stablecoins are a type of digital token or cryptocurrency whose value is pegged one-for-one to an actual asset, such as fiat money or gold, in order to maintain a stable price. Stablecoins thus are ...