Walmart and Amazon are reportedly exploring their own corporate stablecoins as a customer payment option, which could potentially reduce the billions of dollars the retailers pay in credit transaction fees.

Walmart and Amazon's interest in stablecoin offerings comes several weeks after major US banks, including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo, announced that they were engaged in early-stage talks about a joint stablecoin project.

Amazon and Walmart are reportedly exploring issuing their own stablecoins to reduce transaction costs as U.S. stablecoin regulations advance.