#BigTechStablecoin

Big Tech companies have increasingly ventured into the stablecoin sector, aiming to integrate digital currencies into mainstream financial systems. Circle, the issuer of USD Coin (USDC), has seen significant growth, with its market capitalization approaching $20 billion following a successful IPO in June 2025. USDC is a stablecoin pegged 1:1 to the U.S. dollar and operates on multiple blockchains, including Ethereum and Solana. PayPal has also entered the stablecoin arena with the launch of PayPal USD (PYUSD) in August 2023, becoming the first major fintech firm to issue a dollar-backed stablecoin. These developments reflect the growing acceptance of stablecoins in digital payments and financial services.