#BigTechStablecoin Big Tech companies like Apple, Google, Airbnb, and X are exploring stablecoin integration to streamline payments and reduce transaction fees, driven by the GENIUS Act's push for stablecoin regulation.

Stablecoins, pegged to assets like the U.S. dollar, offer stability for cross-border transactions, appealing to tech giants aiming to bypass traditional financial intermediaries.

However, concerns arise over privacy, data collection, and Big Tech's potential dominance in finance.

Critics, including Senator Josh Hawley, warn the Act could favor tech moguls like Elon Musk, enabling them to issue private currencies.

Democrats propose amendments to bar Big Tech from creating stablecoins, citing risks of monopolistic control and insufficient oversight, as debates intensify.