Tech giants like Apple and Google entering the stablecoin market is no joke! Just think about it, if companies like Apple and Google issued their own stablecoins, what would it bring to the crypto world?
Firstly, user trust would definitely increase significantly. After all, these tech giants have extremely high brand value and credibility in users' minds. This can effectively lower the barrier for users to enter the crypto world and attract more participation.
Secondly, payment scenarios would become richer. Imagine being able to directly use Apple Coin to purchase apps in the App Store, or using Google Coin to subscribe to YouTube Premium, without going through the cumbersome bank transfer process; this would greatly enhance payment efficiency.
However, this also means that regulation will become stricter. After all, every move of these tech giants is closely monitored. The issuance and operation of stablecoins will inevitably be subject to strict regulation by governments around the world. This presents both an opportunity and a challenge for the entire crypto industry. In the future, the competitive landscape of stablecoins will be even more exciting!