Cardano founder Charles Hoskinson says seven big tech companies might soon start using stablecoins—digital coins tied to real money—if new U.S. stablecoin rules are passed.
Hoskinson told CNBC that companies like Apple, Microsoft, Amazon, Google, Meta, Nvidia, and Tesla (the “Magnificent Seven”) are watching crypto closely (IOHK). He thinks they’ll start using stablecoins once Congress makes clear rules about them .
He shared a simple idea: stablecoins—digital money backed by dollars—could help these giants make payments faster and cheaper across borders . That would cut fees and middlemen for global deals.
Hoskinson also expects new laws like the STABLE Act and the Digital Asset Market Structure Act to bring more clarity (Midnight Network). When big tech sees legal green lights, they’ll jump in.
He notes several factors pushing crypto forward: more users (up 13% in 2024), global tensions that make decentralized money attractive, and rate cuts by the U.S. Federal Reserve that could flow into crypto . Right now, markets might pause for a few months—but Hoskinson expects a big crypto rally later in the year, around August or September.
Conclusion:
If U.S. passes stablecoin rules, the stage could be set for the “Magnificent Seven” to use digital money for payments and global transactions. That move may kick off a wider crypto boom later this year—watch this space!
Also Read: Binance Brings Crypto Payments to Kyrgyzstan
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