Update (7:40 pm UTC): This article was updated to include a statement from Google.

The growing momentum of the United States’ organization Stablecoin pushes major technology companies such as Apple, X and Airbnb to explore the integration of the digital symbol

According to a released report by Fortune, at least four technical companies, including Apple, X, Airbnb and Google, explore Stablecoins as a way to reduce fees and improve across border payments. Each company is in a different stage of implementation, with a Google presence in the future, after Stablecoin’s payments have already facilitated.

The payment infrastructure companies play a role. For example, Airbnb was talking to WorldPay about the use of Stablecoins, and seeks to reduce fees from credit card payment processors such as Visa and MasterCard.

The report says. Elon Musk previously stated that he wants to expand X domain to allow users to send and receive money. The company has already followed the money sender licenses throughout the United States.

A Google Cointelegraph spokesman told the company “focus on responding to customer request on effective payments, 24/7”, which is “Stablecoins evaluation that allows us to provide this in a safe and peaceful way.” The technology giant also helps its clients to explore Stablecoins by presenting the professor’s book technology.

Stablecoins has become one of the most popular use cases in Crypto. The market value of such assets increased to 249.3 billion dollars from 131.3 billion dollars since January 2024, by 90 %.

Partnerships between Stablecoin and technology companies as well. Among the partnerships MasterCard alliance with Moonpay and Visa’s with bridge. In October 2024, Stripe announced its acquisition of Bridge of $ 1.1 billion, which Fortune described as “Gun Pun” for people in Silicon Valley to take Stablecoin technology seriously.

Paxos, a CEDLCOINS company, has partnership with both Stripe and PayPal to provide services. For Stripe, Paxos planned to launch a new platform for Stablecoin payments. Paxos is also the company that supports Pyusd Stablecoin from PayPal, which has a market value of $ 978 million.

Related to: Musk confirms the X Money Beta test before the launch of the planned 2025

The Genius Sparks Law on the US Senate

One of the developments that drives companies to explore digital assets.

The draft law seeks to provide an organizational framework for Stablecoins and its exporters in the country, but it has been discussed about Big Tech’s potential participation in the encryption industry.

According to the New York Times, Republican Senator Josh Holi recently said that he will vote against the bill in its current form because it will allow technology companies to be able to issue digital currencies that will compete with the dollar.

Democrats are planning to add an amendment that would prohibit large technology companies from creating their Stablecoins, according to the New York Times, citing a person aware of the plan. This step will force the United States technology companies to use the applicable stablecooin companies, including Tether and Circle.

magazine: Legal Committee: Crypto wanted to overthrow banks, and now that is in the Battle of Stablecoin