Tech Giants Apple, Airbnb, and X Discuss Integrating Stablecoins into Payments
Apple, Airbnb, Google, and X (formerly Twitter) are in discussions with crypto firms about integrating stablecoins into their payment systems. Key points include:
- Stablecoins can reduce transaction costs and streamline international payments.
- In 2024, stablecoins facilitated over $27.6 trillion in transactions, surpassing Visa and Mastercard combined.
- Circle's successful IPO has increased interest in stablecoins; its shares rose significantly post-offering.
- Apple is exploring stablecoin integration for Apple Pay since January.
- X is negotiating with Stripe for stablecoin-based transactions.
- Airbnb aims to lower fees paid to card networks by considering stablecoin adoption.
- Political changes in the U.S. may make crypto adoption less risky for corporations.
- Analysts expect the stablecoin market to reach $2 trillion by 2028, aided by potential regulatory clarity from the GENIUS Act.