#BigTechStablecoin 📱 Is a Financial Revolution in Progress? 💰🌐
Stablecoins have gained significant prominence in 2024, tripling their market value to reach $249 billion. This growth positions them as one of the most relevant applications in the current crypto ecosystem. Major tech companies like Google, X (formerly Twitter), Airbnb, and Apple are considering incorporating these stable digital currencies to reduce costs and accelerate global payments. 🚀💸
Each company is moving at its own pace. Google has already tested operations with stablecoins, while Airbnb is looking to partner with Worldpay to avoid intermediary fees like those from Visa. Meanwhile, X plans to allow money transfers in crypto directly on its platform through “X Money.” 📲💼
The proposed U.S. GENIUS Act would allow non-banking companies to issue stablecoins, which has sparked a political debate. Some legislators oppose it, while others propose that Big Tech can only use already regulated issuers like Circle or Tether. 🏛️⚠️
This landscape suggests that stablecoins could transform the financial system, but there are still many doubts about their regulation and control. 🔐🤔