Could Big Tech Launch Their Own Stablecoins
While integrating existing stablecoins is one path, some tech firms are exploring the idea of launching their own. This would give them more control over transaction flows and data, but it also brings legal and regulatory complications.
Facebook (now Meta) famously attempted this with its Libra/Diem project, which ultimately failed due to pushback from regulators. That experience has made other companies more cautious, even as they recognize the value of digital currencies.
Instead, most firms seem focused on partnerships with established crypto companies and stablecoin issuers, which could allow them to bypass some of the regulatory red tape while still reaping the benefits of blockchain-based finance.
According to Fortune, major tech companies including Apple, X, Airbnb, and Google are in early discussions with crypto firms about integrating stablecoins, aiming to reduce transaction costs and improve cross-border payment efficiency. Some firms are also considering issuing…
