The tech giants Apple, X, Airbnb, and Google are holding early conversations with crypto firms about integrating stablecoins to reduce transaction costs and enable cheaper international payments, Fortune Crypto reported Thursdsay, citing anonymous sources.
They join other tech giants such as Meta and Uber in weighing the adoption of dollar-pegged assets for cheaper transactions amid improved regulatory efforts and investor appetite for stablecoins.
In May, Meta was reported to be investigating whether stablecoins could reduce international transaction costs for its users, such as Instagram creators, though the firm didn’t have a specific stablecoin in mind at the time. More recently, the CEO of the ride-sharing firm Uber said that it is in the “study phase” of whether stablecoins could enable lower transaction costs.
Elon Musk’s social media platform X (formerly Twitter) has already experimented with blockchain-based technology. Musk expressed interest in turning X into a ‘super app‘ that could integrate digital wallet payments, messaging, and other services comparable to the Chinese app WeChat. However, even before Musk took over, the firm had bolstered its in-house crypto team, in addition to adopting (and then quietly phasing out) a feature that allowed users to set an NFT as their profile picture.
Earlier Friday, X tapped Polymarket as its ‘official‘ prediction market partner. Polymarket is perhaps the most popular decentralized prediction market, drawing in $1.06 billion in trading volume from over 267,000 active traders in May, according to The Block’s Data Dashboard.
Meanwhile, USDC issuer Circle finally went public on Thursday after years of prior attempts. The firm’s stocks soared nearly 200% above the IPO price of $31, and CRCL shares trade at $112 as of publication, according to TradingView.
Stablecoins reached their highest-ever market capitalization of $250 billion this month. On-chain volume for Ethereum-based stablecoins alone in May reached $1.42 trillion, with Circle’s USDC comprising 41.5% of that, with nearly $589 billion.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
