#BigTechStablecoin
The term "Big Tech Stablecoin" generally refers to stablecoin projects launched or backed by large technology companies. Here are the main ones associated with Big Tech:
🏦 1. Diem (formerly Libra) – Meta (Facebook)
Status: Abandoned (assets sold to Silvergate in 2022)
Goal: A global digital currency backed by a basket of currencies and government securities.
Reason for Failure:
Strong regulatory backlash globally
Concerns about data privacy, monetary sovereignty, and competition
💳 2. PayPal USD (PYUSD)
Issued by: Paxos Trust Company, in partnership with PayPal
Launched: August 2023
Blockchain: Ethereum
Use cases:
In-app transfers
E-commerce transactions
Web3 applications
Backing: 1:1 by USD and cash equivalents, monthly attestations
🛍️ 3. Amazon & Apple – Not Directly Issuing Stablecoins
Amazon has explored blockchain infrastructure and tokenized loyalty points but hasn't launched a stablecoin.
Apple allows usage of stablecoins like USDC and USDT via apps or Apple Pay integrations, but no native coin exists yet.
🏦 4. Google & Microsoft – Blockchain Collaborations, Not Stablecoins
Google Cloud offers blockchain node hosting and partners with Coinbase for crypto payments, but doesn't issue stablecoins.
Microsoft supports blockchain dev tools via Azure but hasn’t pursued a native stablecoin.
✅ Summary Table
Company Stablecoin Project Status Blockchain Notable Use Case
Meta Diem (Libra) Abandoned N/A Planned global payments
PayPal PYUSD Active Ethereum Digital payments, Web3
Amazon None (rumored) N/A N/A Loyalty systems, infrastructure
Apple None N/A N/A Wallet/payment integrations
Google None N/A N/A Blockchain infra partnerships
Microsoft None N/A N/A Blockchain dev tools
