💡 Big Tech and Stablecoin – When tech giants venture into finance!

Tech “tycoons” like PayPal, Meta (Facebook), and Amazon are quietly building their own financial empires by launching stablecoins – digital currencies with stable values.

📌 Examples:

• PayPal USD (PYUSD): Launched in 2023, supports fast payments, low costs.

• Facebook once experimented with Diem (Libra) – a failed project due to government scrutiny.

• Amazon is quietly integrating crypto into its payment ecosystem.

🌐 Why are Big Tech companies fascinated by stablecoins?

• Control their own payment ecosystems.

• Reduce dependence on banks.

• Increase the speed of global transactions.

However, this also raises concerns about privacy, monopolies, and control over user data. If Big Tech controls money too, what will you do?