#BigTechStablecoin Big Tech stablecoins refer to digital currencies backed by stable assets like the U.S. dollar, developed or supported by major technology companies. These stablecoins aim to offer fast, low-cost, and borderless transactions within digital ecosystems owned by tech giants. One of the earliest and most notable attempts was Facebook’s Libra, later renamed Diem. Despite ambitious plans to revolutionize global payments, the project faced strong regulatory resistance and was ultimately discontinued. In contrast, PayPal successfully launched its own stablecoin, PayPal USD (PYUSD), in 2023. PYUSD is fully backed by U.S. dollar deposits and operates on the Ethereum blockchain, allowing users to send, receive, and convert between crypto and fiat more easily. Other tech companies like Apple, Google, and Amazon have explored or integrated crypto functionality into their platforms but have not released native stablecoins. Apple, for example, supports crypto card payments through Apple Pay, while Google has partnered with crypto exchanges for select services. Amazon has been rumored to develop a digital currency for its ecosystem but has not made formal announcements. The push by Big Tech into stablecoins highlights a broader trend of merging traditional finance with digital innovation, though it also raises concerns about privacy, regulatory compliance, and the consolidation of financial power in the hands of large corporations.