#BigTechStablecoin The growing momentum of stablecoin regulation in the United States is reportedly pushing major tech firms like Apple, X, and Airbnb to explore the integration of digital tokens.
According to a Fortune report from June 6, at least four tech companies, including Apple, X, Airbnb, and Google, are exploring stablecoins as a means to reduce fees and improve cross-border payments. Each company is at a different stage of implementation, with Google possibly the furthest ahead, having already facilitated two stablecoins.
Payment infrastructure companies are playing their part. For example, Airbnb has talked to Worldpay about using stablecoins in an effort to cut fees from credit card payment processors like Visa and Mastercard.
The social platform X has been in talks with crypto companies about integrating stablecoins into its X Money app, the report says. Elon Musk has previously stated that he wants to expand X's reach so that users can send and receive money. The company has already sought money transmission licenses across the United States.