Big Techs would consider adopting stablecoins as the debate over the GENIUS Act continues

The market capitalization of stablecoins has increased by 90% since January 4, 2024, making stablecoins the first mainstream use case for cryptocurrencies.

The growing push for stablecoin regulation in the United States is reportedly prompting major tech firms like Apple, X, and Airbnb to explore the integration of digital tokens.

According to a June 6 note from Fortune, at least four tech companies, including Apple, X, Airbnb, and Google, are exploring stablecoins as a way to reduce fees and improve cross-border payments. Each company is at a different stage of implementation, with Google perhaps the most advanced, having already facilitated two payments with stablecoins.

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

The social platform X has been discussing with cryptocurrency companies about integrating stablecoins into its X Money app, according to the report. Elon Musk has previously stated that he wants to expand X's reach to allow users to send and receive money. The company has already obtained money transmission licenses across the United States.

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

Partnerships between stablecoin infrastructure and tech companies have also been on the rise. Among the partnerships are Mastercard's alliance with MoonPay and Visa's agreement with Bridge

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