Big tech companies are exploring the use of stablecoins to reduce transaction costs and improve cross-border payments. Here are the details of what is happening:

- *Apple*: Working with stablecoin providers to assess the blockchain infrastructure for digital payments, aiming to reduce cross-border transaction costs within Apple Pay and App Store systems.

- *Google*: Has already facilitated two stablecoin payments and is evaluating stablecoins to provide efficient 24-hour payments. Google is also helping its clients explore stablecoins by offering its own ledger technology.

- *Airbnb*: Exploring stablecoins to redefine cross-border payments and enhance efficiency.

- *X (formerly Twitter)*: Promotes stablecoin plans through the X Money app, targeting Stripe deals to enable users to send digital dollars without a bank account.

- *Benefits of stablecoins*:

- *Low fees*: Stablecoins can reduce transaction costs compared to traditional payment methods.

- *Faster payments*: Stablecoins enable almost instant settlements, improving efficiency.

- *Cross-border payments*: Stablecoins can facilitate international transactions more easily.

- *Regulatory environment*:

- The U.S. government is considering regulations to protect consumers and provide clarity on the use of stablecoins.