#BigTechStablecoin

The growing momentum for regulating stablecoins in the United States is reportedly pushing major tech firms such as 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 being the furthest ahead, having already facilitated two stablecoins.

Payment infrastructure companies are playing their role. For example, Airbnb has been in talks with Worldpay about using stablecoins, aiming to cut fees from credit card payment processors like Visa and Mastercard.

The social platform X has communicated with crypto companies about integrating stablecoins into its X Money app, the report states. 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 been obtaining licenses for money transmission across the United States.