#BigTechStablecoin

Stablecoins from Big Tech giants — a topic that sparks discussions, but the reality turned out to be more complicated than expected. Although projects like **Diem (formerly Libra from Meta)** once predicted a revolution, most of these ambitions have been shelved due to regulatory pressure and internal challenges. Facebook sold its Diem assets back in 2022, effectively ending this initiative.

Currently, major tech companies like **Amazon** and **Google** are more focused on integrating existing cryptocurrencies and stablecoins into their payment systems rather than issuing their own. For instance, there are discussions about using stablecoins for transactions. However, in the U.S., there is even a proposal for a legislative ban preventing Big Tech from issuing their own stablecoins, which would force them to use existing solutions from companies like Circle or Tether. The future of Big Tech as issuers of stablecoins remains in question due to stringent regulations.

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#Stablecoins #BigTech #CryptoRegulationNow #diemalpha #FintechFuture