#BigTechStablecoin

Major technology companies are considering adopting stablecoins as the discussion around the GENIUS law continues.

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

Reports indicate that the growing momentum for regulating stablecoins in the United States is prompting major technology companies like Apple, X, and Airbnb to explore the integration of digital tokens.

According to a report by Fortune magazine on June 6, at least four tech companies, including Apple, X, Airbnb, and Google, are considering stablecoins as a way to reduce fees and improve cross-border payments. Each company is at a different stage of implementation, and Google may be the furthest along, having already facilitated two payments using stablecoins.