$USDC

#BigTechStablecoin

Big Tech's stablecoin push faces major regulatory and adoption hurdles. The **GENIUS Act** could ban tech giants from issuing stablecoins, while **USDC/PYUSD partnerships** remain untested at scale. With **$1.5B lost in DeFi hacks** (2024) and **Tether’s dominance** (75% market share), new entrants struggle. Technical risks like **smart contract bugs** and **liquidity crunches** threaten stability. Short plays:

- **Regulatory delays** (SEC lawsuits likely)

- **Failed pilot programs** (Apple Pay integration flops)

- **Stablecoin depegs** (like Terra’s collapse)

- **Big Tech stock dips** if projects stall

Target **Circle (USDC issuer)**, **PayPal (PYUSD)**, and **Meta’s Diem revival** as high-risk shorts. Monitor **Congress votes** and **hack incidents** for exit triggers.

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