Amazon’s efforts to develop a stablecoin are still in the “early stages,” according to the Journal, and there are a lot of questions to sort out. There have reportedly been discussions to use outside stablecoins to settle transactions, but there’s also the possibility the online giant could develop its own.

Corporate coins could take payments activity away from banks and the traditional financial system.

Major retailers, including Walmart and Amazon, are reportedly considering their own stablecoin offerings as legislation to regulate the instruments moves further through Congress. The big picture: For big retail,