#BigTechStablecoin Growing momentum for United States stablecoin regulation is reportedly pushing major tech firms like Apple, X, and Airbnb to explore digital token integration

According to a June 6 report from Fortune, at least four tech companies, including Apple, X, Airbnb and Google, are exploring stablecoins as a means to lower fees and improve cross-border payments. Each company is in a different stage of implementation, with Google perhaps the farthest ahead, having facilitated two stablecoin payments already.

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

Social platform X has been talking with crypto companies about integrating stablecoins into its X Money app, the report says. Elon Musk has previously stated that he wants to broaden X's reach to allow users to send and receive money. The company has already pursued money transmitter licenses across the US.

A spokesperson for Google Cloud told Cointelegraph that the company is “focused on responding to customer demand for efficient, 24/7 payments” and is “evaluating stablecoins that allow us to provide that in a safe and sound manner.” The tech giant is also helping its customers to explore stablecoins by offering its ledger technology.

Stablecoins have become one of crypto's most popular use cases. The market capitalization for such assets has risen to $249.3 billion from $131.3 billion since January 2024, a jump of 90%.