#BigTechStablecoin 🏢 — June 2025

In the first half of 2025, the entry of major tech companies into the stablecoin space has gained significant momentum thanks to key regulatory developments. In the United States, the Genius Act, a bipartisan proposal, seeks to establish clear frameworks—including backing requirements, liquidity, anti-money laundering, and limits for foreign issuers—and sets specific restrictions on the role of “Big Tech” in the issuance of stablecoins. This regulation, still in the legislative process, aims to prevent companies like Meta or Amazon from entering directly without complying with banking standards.

At the institutional level, figures like Charles Hoskinson of Cardano argue that passing stable regulations is necessary to enable companies like Apple, Google, Meta, and Microsoft to incorporate crypto wallets securely, unlocking potential to reach 3 billion users. Indeed, there have been rumors about Meta exploring a stablecoin for Facebook and WhatsApp, highlighting its interest without repeating the mistakes of the Diem project.

Meanwhile, the market responds: traditional banks and fintechs like Stripe, Mastercard, and Bank of America are already developing their own stablecoin initiatives, anticipating clear regulations. In Europe, the implementation of the MiCA regulation in early 2025 has enabled licenses for issuers, increasing competition against tech giants.