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,

Shares of Visa and Mastercard were sliding Friday after The Wall Street Journal reported that Walmart and Amazon.com, among other merchants, have been considering issuing their own stablecoins to customers,