💰 Big Tech sets its sights on stablecoins 🏦
Companies like Apple, Google, X (formerly Twitter), and Airbnb are exploring the use of stablecoins to streamline payments and reduce fees. This move comes as the GENIUS Act is being debated in the U.S., which seeks to regulate these digital assets.
📊 Stablecoins have already reached a market capitalization of $249.3 billion, growing by 90% since January 2024.
Could Big Tech issue their own digital currencies? The idea is gaining traction, although it is also causing concern in Congress.