#BigTechStablecoin Big Tech's ventures into stablecoins have seen mixed outcomes. Facebook's Libra, later rebranded as Diem, aimed to revolutionize global finance but faced regulatory pushback, leading to its sale to Silvergate Bank in 2022 . In contrast, Circle's USDC has gained significant traction, with its IPO in June 2025 boosting its market capitalization to nearly $25 billion . PayPal's introduction of PayPal USD in 2023 further highlights Big Tech's interest in stablecoins, leveraging its established presence in the financial sector . These developments indicate a growing integration of stablecoins into mainstream finance.
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