#BigTechStablecoin
In recent years, major tech companies like Meta and Google have introduced the world to digital currencies, and with the increasing talk about Big Tech Stablecoins, the question arises: Are we on the brink of a global financial transformation? Stablecoins issued by major tech companies promise numerous advantages such as speed, transparency, and low fees. However, they pose serious challenges regarding privacy, data monopolies, and their impact on the sovereignty of central banks.
These currencies could provide an effective payment method for billions of users around the world, but who oversees them? Who sets the rules? If this space is not regulated firmly, we may find ourselves facing a financial system controlled by corporations rather than states.
