#BigTechStablecoin Big Tech Stablecoin:
1. *Definition*: A stablecoin backed by a large tech company.
2. *Examples*: Facebook's Libra (now Diem), others like JPMorgan's JPM Coin.
3. *Features*:
- Pegged to a fiat currency (e.g., USD).
- Potential for mainstream adoption.
- Fast and low-cost transactions.
4. *Benefits*:
- Stability and reduced volatility.
- Increased financial inclusion.
- Efficient cross-border transactions.
5. *Challenges*:
- Regulatory hurdles.
- Trust and adoption issues.
- Competition from existing stablecoins.
Big tech stablecoins aim to revolutionize finance with stability and efficiency.