#BigTechStablecoin

Big tech companies like Apple, Google, Airbnb, and X (formerly Twitter) are exploring stablecoin adoption to reduce transaction costs and improve cross-border payments. Stablecoins are cryptocurrencies pegged to stable assets like the US dollar, offering the benefits of blockchain technology without the volatility. These companies aim to bypass traditional payment processors like Visa and Mastercard, cutting fees and enhancing user experience. Google Cloud has already facilitated stablecoin payments for some clients, while X is developing a payment app, X Money, that may integrate stablecoins. This shift could reshape digital payment standards, with potential regulatory frameworks emerging.¹ ²