What is a stablecoin?

A stablecoin is a type of cryptocurrency designed to maintain a stable value by linking it to a reserve of assets, often fiat currencies like the US dollar.

The Role of Big Tech

Big tech companies, such as Facebook (which has become Meta), Google, and Apple, are exploring or have launched their stablecoins as part of their broader strategies in financial services.

The development of stablecoins by big tech may revolutionize the financial landscape, providing faster and cheaper transactions, while raising important regulatory and ethical questions.