Tech giants like Apple, X, and Airbnb are joining the exploration of cryptocurrency applications

ChainCatcher news, according to Fortune magazine, the crypto industry has long been searching for a "killer app" to truly bring blockchain into the mainstream financial sector— and stablecoins may be the answer they have been dreaming of. Stablecoins are digital tokens pegged to fiat currencies like the US dollar, and banks and fintech companies are rapidly adopting this technology, with major tech companies also looking to join the ranks.

According to insiders, Apple, X (formerly Twitter), Airbnb, and Google are all in early discussions with crypto companies to explore how to integrate stablecoins. These insiders told Fortune magazine anonymously that these tech companies believe adopting stablecoins could lower transaction costs and optimize cross-border payment processes.

Not only Apple, X, Airbnb, and Google, but Meta (formerly Facebook) is also making a return to the payment technology space, refocusing on the potential of stablecoins— despite its previous grand crypto project failing due to regulatory pressure. Uber CEO Dara Khosrowshahi stated at a Bloomberg conference this Thursday that Uber is in the research phase, considering using stablecoins for global money transfers.

The interest from tech giants comes at a time when stablecoins are attracting significant venture capital funding and legislative attention. The U.S. Congress is currently considering two bills aimed at regulating the stablecoin asset class. Meanwhile, payment giant Stripe recently acquired the stablecoin startup Bridge, a deal seen as a watershed moment for Silicon Valley's serious consideration of this technology.