Of course, here is the translation to Arabic:
Stablecoins from Big Tech Companies (#BigTechStablecoin)
The "stablecoin from big tech companies" refers to initiatives by giant tech companies to issue or use stablecoins — digital tokens linked to a fiat currency like the US dollar — within their platforms. Here’s a comprehensive look at the concept, its history, and the current state:
1. Vision: Why are tech companies seeking to issue stablecoins?
Seamless payments within massive user bases: Stablecoins can be integrated into messaging apps or social media, allowing users to send money as easily as they send messages, leveraging user bases in the millions or billions.
New revenue sources: Such as transaction fees, integration with merchants, micro-payments for content or digital goods, and international remittances—all provide additional income opportunities.
Financial inclusion: Stablecoins can lower barriers for the unbanked by providing a "digital wallet" without the need for a traditional bank account.
2. A failed experiment: Meta's "Diem" project (formerly Libra)
Launched in 2019 under the name Libra, it was renamed to Diem in 2020, overseen by a Switzerland-based association.
Global regulatory hurdles emerged, as the project raised concerns similar to existing stablecoins like USDC or