#BigTechStablecoin

Apple, Google, X and Airbnb are already exploring stablecoins: Fortune

The tech giants want to transform payment systems and create new businesses with tokenized dollars.

*There are preliminary discussions between the corporations and "cryptocurrency firms".

*The U.S. Congress is discussing the law that will regulate the use of stablecoins.

In a move that could transform the landscape of digital payments, tech giants like Apple, Google, X, and Airbnb are exploring the integration of stablecoins into their payment systems, according to a recent report from Fortune.

These companies are in preliminary talks with cryptocurrency firms to incorporate stablecoins, linked to the U.S. dollar, with the aim of reducing transaction costs and optimizing cross-border payments.

This interest reflects a significant shift in the perception of cryptocurrencies, driven by a more favorable regulatory environment under the administration of Donald Trump.

Apple, with its payment ecosystem dominated by Apple Pay, has been in talks since January with companies from the cryptocurrency ecosystem, including the stablecoin issuer Circle, according to four sources familiar with the discussions.

Matt Cavin, senior director of strategic partnerships at Circle, has participated in these negotiations, which aim to integrate stablecoins into Apple's payment infrastructure. The main motivation is to reduce costs associated with traditional payment processors, a goal shared by other tech companies.

For its part, Google Cloud has taken a step forward by accepting payments in PYUSD, PayPal's stablecoin launched in collaboration with Paxos. Rich Widmann, head of Web3 strategy at Google Cloud, noted that these transactions were processed without altering the billing systems, marking a milestone in the adoption of stablecoins.