Tech giants like Apple, Google, X (formerly Twitter), and Airbnb are quietly looking into the use of stablecoins to improve how money moves around the world. According to Fortune, these companies are now in early talks with crypto firms to figure out how digital currencies pegged to the U.S. dollar can help them lower fees and speed up global payments.
The companies are looking at stablecoin integration as a way to modernize their payment systems. Apple is said to have held discussion with Circle, a leading stablecoin issuer, to explore how blockchain could reduce transaction costs within Apple Pay and the App Store.
Google Cloud, on the other hand, has already processed test transactions using PayPal’s PYUSD token. Rich Widmann, Google Cloud’s Web3 lead, described stablecoins as “one of the biggest upgrades to payments since the SWIFT network.” showing that Google is not just testing the waters, but actively building the tech to support digital assets at scale.
X, led by Elon Musk, is also making moves. The company is working on a new payment app called X Money and is in talks with Stripe to explore stablecoin payments, with the goal of bridging social media and digital finance
Meanwhile, Airbnb is looking at t stablecoins to improve host payouts and cut international transaction fees. The company has been in discussions with its payments partner Worldpay, which recently teamed up with a stablecoin firm called BNVK.
Though none of these companies have officially confirmed their plans, the trend is clear, Big Tech sees stablecoins as the next big thing in payments.
Also Read: Circle Debuts on NYSE at $31 after Raising $1B in IPO
