#BigTechStablecoin

Big tech giants like Apple, Google, Airbnb, and X (formerly Twitter) are exploring stablecoin integration to reduce transaction costs and improve cross-border payments. Here's what's happening ¹ ²:

- *Companies Involved*:

- *Apple*: In talks with Circle, the issuer of USDC stablecoin, to integrate stablecoin functionality into Apple Pay.

- *Google*: Already facilitated two stablecoin payments for its clients using PayPal's PYUSD stablecoin and sees stablecoins as a major upgrade to payments.

- *Airbnb*: Discussing stablecoin incorporation with payment partner Worldpay to facilitate easy payments and reduce fees.

- *X*: In talks with Stripe about integrating stablecoin payments into its X Money app, aiming to create an "everything app".

- *Regulatory Environment*: The GENIUS Act is being debated in the US Senate to provide a regulatory framework for stablecoins, with Democrats proposing an amendment to ban Big Tech companies from creating their own stablecoins.

- *Market Impact*: Stablecoin market capitalization has risen 90% since January 2024, reaching $249.3 billion, with potential for further growth.