Explore June 6, 2025
Big tech companies consider adopting stablecoins as the debate over the GENIUS Act continues
The market capitalization of stablecoins has increased by 90% since January 4, 2024, making stablecoins possibly the first widely used case of cryptocurrencies.
Reportedly, the growing push for stablecoin regulation in the United States is driving major tech companies like Apple, X, and Airbnb to explore the integration of digital tokens.
Payment infrastructure companies are playing an important role. For example, Airbnb has been in talks with Worldpay about using stablecoins, seeking to reduce fees from credit card processors like Visa and Mastercard.
The social platform X has been in discussions with cryptocurrency companies to integrate stablecoins into its X Money app, according to the report. Elon Musk has already expressed his desire to expand X's capabilities so users can send and receive money. The company has already applied for money transmitter licenses in the United States.
A spokesperson for Google Cloud told Cointelegraph that the company is "focused on responding to customer demand for efficient payments 24/7" and is "evaluating stablecoins that allow us to offer this securely." The tech giant is also helping its clients explore stablecoins by offering its ledger technology.
