#BigTechStablecoin

What is the stablecoin from major tech companies?

It is a digital currency:

Issued or backed by a large technology company.

It is linked to a stable currency like the US dollar (USD).

Used within the company's ecosystem such as in-app purchases, advertisements, devices, online stores.

It benefits from the massive user base of these companies to accelerate its adoption.

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🔍 Examples:

Diem currency from Meta (formerly Facebook): It was an attempt to launch a stablecoin, but it faced strong regulatory resistance and the project was halted.

Amazon Coin: It is not a stablecoin currently, but it is an example of how a company like Amazon could develop a dollar-pegged digital currency in the future for use in purchases on its platform.