Report: Tech giants like Apple and Google explore stablecoin payments, Google Cloud has accepted PYUSD Settlement.

On June 6, according to Fortune magazine, technology giants such as Apple, X (formerly Twitter), Airbnb and Google are making early contact with crypto companies to explore stablecoin payment integration solutions. According to people familiar with the matter, the companies believe that stablecoins can effectively reduce transaction costs and optimize cross-border payment processes. The report pointed out that the Trump administration’s stance of deregulating crypto has accelerated the layout of technology companies. Since the beginning of the year, Airbnb has been in discussions with payment processor Worldpay about stablecoin applications; Platform X approached Stripe in the development of its payment app, X Money; Apple has started cooperative talks with stablecoin issuers such as Circle. Google Cloud is the first to achieve a breakthrough and has accepted customers to complete settlement through the PayPal stablecoin PYUSD. Industry analysts believe that the case of payments giant Stripe’s acquisition of stablecoin startup Bridge has strengthened the confidence of technology companies in this technology. However, companies still face compliance challenges when choosing which stablecoin to integrate, and some companies are even considering issuing their own stablecoins.