#BigTechStablecoin
What Does "Big Tech" Involvement Mean?
“Big Tech” refers to major technology companies like:
Meta (Facebook)
Apple
Amazon
Microsoft
Tencent
Alibaba
---
🧩 Examples & Developments
1. Meta (Facebook) – Diem (formerly Libra)
Status: Project was shut down in 2022 after regulatory pressure.
Meta aimed to create a global stablecoin, which alarmed governments concerned about privacy, monetary control, and financial stability.
2. PayPal – PYUSD
Status: Launched in 2023, still active.
Pegged to USD, issued by Paxos.
Designed for payments within PayPal’s ecosystem and growing into DeFi platforms.
3. Amazon / Apple / Google
No public stablecoins, but they support crypto payments or wallets.
They could eventually partner with or create stablecoin solutions for their ecosystems (e.g. for App Store, Google Pay, or Prime).
