#BigTechStablecoin
What is meant by BigTechStablecoin?
BigTechStablecoin is a term that refers to stablecoins issued by giant tech companies such as:
• Apple
• Meta (Facebook)
• Amazon
• Microsoft
• and others…
Instead of stablecoins like USDT or USDC being issued by financial companies or blockchains, tech companies issue their own versions, backed by the dollar or a basket of assets.
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🏦 Current or proposed examples:
1. Meta (Facebook) – Diem (formerly Libra)
• Meta attempted to launch a dollar-backed stablecoin.
• The project faced strong political and regulatory rejection.
• It was later sold to Silvergate.
2. PayPal USD (PYUSD)
• Issued by PayPal (a major fintech company).
• Considered one of the first stablecoins that was actually backed by a global tech company.
• Available on networks like Eth
