#BigTechStablecoin

#BigTechStablecoin

The term "BigTech Stablecoin" refers to stablecoins issued or supported by major tech companies such as Facebook (Meta), Apple, Amazon, or Google. These currencies aim to facilitate digital payments and expand global financial access. One of the most notable examples is the "Libra" currency launched by Facebook in 2019, which later transformed into "Diem" before the project was ultimately canceled due to regulatory pressures. Governments fear that tech companies could dominate the financial system, threatening monetary sovereignty. If these projects succeed, they could change the way money is transferred and increase financial inclusion, but they could also raise issues related to privacy, monopolies, and market regulation. The future of stablecoins associated with big tech remains a global debate.