#BigTechStablecoin A major technology company's stablecoin is a type of digital currency issued or backed by major technology companies (such as Meta, Apple, Google, or Amazon) and designed to maintain a stable value, often pegged to a fiat currency like the US dollar. These stablecoins aim to combine the benefits of digital payments with the trust and reach of major technology platforms.

One of the most notable efforts is Diem (formerly known as Libra), launched by Facebook (now Meta) in 2019. Diem was intended to be a global stablecoin used for payments within Facebook's massive user base. However, it faced strong opposition from regulators over concerns related to privacy, monetary control, and financial stability. The project was ultimately halted in 2022.