#BigTechStablecoin Why Big Tech Is Interested in Stablecoins

Stablecoins, such as USDC and USDT, offer the advantages of blockchain technology while maintaining price stability by pegging their value to fiat currencies like the U.S. dollar. In 2024, stablecoins facilitated over $27.6 trillion in transactions, surpassing the combined volume of Visa and Mastercard.

Companies like Airbnb are in discussions with payment processors like Worldpay to implement stablecoin solutions, aiming to lower fees associated with traditional credit card transactions. Similarly, X is developing its X Money app to enable users to send and receive funds via stablecoins, aligning with Elon Musk's vision of transforming X into a comprehensive financial platform.