Update (7:40 PM UTC): This article has been updated to include a statement from Google.
Increasing speed stablecoin regulation to the United States is reportedly advancing major technical firms like Apple, X, and AirbnB to detect digital token integration.
According In the June 6 report from Fortune, at least four technical companies, including Apple, X, AirBNB and Google, are searching for stablecoins as a means of reducing low fees and improving payments from the limit. Each company is in a separate stage of implementation, perhaps the farthest farthest with Google, already features two stabechoin payment.
Payment infrastructure companies are playing a role. For example, the use of airbnb stablecoins is talking with WorldPay, seeking to cut fees from credit card payments such as Visa and MasterCard.
The report said that the social platform is talking about integrating stabechoin in its X money app with X Crypto companies. Elon Musk has earlier stated that it wants to wider the access of X to allow users to send and receive money. The company is already Adopted Money transmitter license across America.
A spokesman at the Google Cloud told cointelegraph that the company is focusing on replying to the customer’s demand for “skilled, 24/7 paid” and “is evaluating Stabeloin that allows us to provide in a safe and sound manner.” Tech giants are also helping their customers to detect stabechoin by offering their account book techniques.
Stablecoins have become one of the most popular use cases of Crypto. There is market capitalization for such assets Risen Since January 2024, a jump of $ 131.3 billion to $ 249.3 billion, 90%.
Partnership between Stabelcoin Infrastructure and Tech Companies is also increasing. The partnership has a MasterCard coalition with Moonpe and a visa deal with bridge. In October 2024, Stripe The bridge announced an acquisition of $ 1.1 billionThe fate that labeled the “initial gun” to the people in Silicon Valley, so that Stabelcoin technology could be taken seriously.
Paxos, a crypto company, known for stablecoins, has partnered with both strip and papil to provide services. For strip, Paxos planned Launch a new StableCoin Payment ForumPaxos is also Company support companyWho Is Market capitalization of $ 978 million.
Connected: Musk planned X Money beta test before the planned 2025 launch
The Genius Act is arguing in the US Senate
“Establishment of national innovation for the guide and American Stabelin Act,” otherwise known as Talented actDigital assets are one of the developments pushing companies to detect.
The bill wants to provide a regulatory framework for StableCoins and their issuers in the country, but is accompanied by a debate about the possible Big Tech’s possible participation in the Crypto industry.
According For the New York Times, Republican Senator Josh Haley recently said that he would vote against the bill in its current form as it would give technical companies the ability to release digital currencies that will compete with the dollar.
Democrats have planned to add an amendment, which will ban large tech companies from creating their own stabelin, cited a person with knowledge of the plan, with knowledge of the plan. The move will force the tech companies working in the US to use stabelcoin companies established, including tather and circle.
magazine: Legal Panel: Crypto wanted to overthrow banks, now it is making them in Stabecin Fight
