The idea of big tech companies launching their own stablecoins has sparked both excitement and concern. A stablecoin is a cryptocurrency pegged to a stable asset, like the US dollar, and is designed to minimize price volatility. Companies like Meta (formerly Facebook) have explored this concept, aiming to revolutionize global payments. While this could enhance accessibility and reduce transaction costs, it also raises issues about centralization, privacy, and financial control. Governments and regulators are watching closely, worried about how these coins might affect national monetary policies. Whether a game-changer or a threat, big tech stablecoins could redefine digital finance.
