#BigTechStablecoin

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Big Tech is diving into Stablecoins!

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#BigTechStablecoin

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Giants in action: Apple, Google, X, and Airbnb are exploring the integration of stablecoins like USDC to reduce costs and streamline global payments, according to Fortune. The financial future is approaching!

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X Money App: X, led by Elon Musk, is negotiating with Stripe to incorporate stablecoins into its payment app, inspired by Venmo. P2P payments with blockchain!

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Google leads: Google has already facilitated two payments with stablecoins and sees them as “the biggest update in payments since SWIFT,” according to Rich Widmann, head of Web3 at Google Cloud.

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Uber in the race: Uber CEO Dara Khosrowshahi confirmed that they are studying stablecoins for cheaper cross-border transfers.

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Regulatory debate: The GENIUS Act in the U.S. aims to regulate stablecoins but faces resistance. Senator Josh Hawley fears it will benefit Big Tech too much, while Democrats propose limiting the issuance of stablecoins by these companies.

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Key fact: The stablecoin market reached $250 billion this month, with USDC as the main player. Will Big Tech and stablecoins transform digital payments?

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#Crypto #FinTech #Stablecoins