Cryptocurrency designed to maintain a stable value (e.g., USDT, USDC), usually pegged to the dollar or another asset.

Big Tech: global technology companies with significant market power and influence.

BigTechStablecoin: stablecoin developed, sponsored, or integrated into products and services of these tech giants.

Objectives and interests of Big Tech:

Facilitate fast and cheap global payments.

Integrate financial solutions into their own ecosystems (e.g., social networks, marketplaces, mobile devices).

Expand financial services in regions without access to banks.

Well-known example: Meta's attempt to launch the Diem stablecoin (formerly Libra), which faced strong regulatory resistance and was ultimately canceled.

Debates and concerns:

Risk of concentration of financial power in private companies.

Regulatory and compliance issues.

User data privacy and control.

Impact on traditional financial systems.