#BigTechStablecoin
Big tech companies are diving into stablecoin integration to cut transaction costs and enable faster cross-border payments.
đ Companies Involved:
đ Apple: Exploring stablecoin functionality in Apple Pay with Circle (issuer of USDC).
đŠ X (formerly Twitter): Looking at stablecoin payments in its X Money app, discussing integration with Stripe.
đ Airbnb: Researching digital assets and stablecoin support with payment partners like Worldpay.
đ Google: Assessing stablecoins for payments efficiency â Rich Widmann (Google Cloud Web3 lead) calls them âone of the biggest upgrades to payments since the SWIFT network.â
đ Uber: CEO Dara Khosrowshahi says Uber is evaluating stablecoins for global transfers.
âïž Regulatory Environment:
đ The GENIUS Act (US Senate) would regulate stablecoins, with Democrats pushing to ban Big Tech from issuing their own stablecoins.
đ€ Partnerships and Developments:
đ Stripeâs Acquisition: Stripe bought Bridge, a stablecoin infrastructure startup, to enable businesses to offer stablecoin payments.
đł Visaâs Pilot: Visa launched pilots for stablecoin-linked cards with Bridge in April 2025.
đ Circleâs IPO: Circle (issuer of USDC) went public, with stocks surging nearly 200% above the IPO price.
đ Market Growth:
Stablecoins have grown 90% in market cap since January 2024, reaching $249.3 billion. This surge is drawing Big Tech into the stablecoin arena for faster and cheaper transactions.