Will stablecoins from major tech companies change the future of money?

In recent years, the concept of stablecoins has emerged as a bridge between the traditional world of digital currencies, providing relative price stability against fiat currencies like the dollar and euro. Now, with major tech companies entering this field, we wonder: what does the emergence of Big Tech Stablecoins mean for the global economy?

What are Big Tech Stablecoins?

These are stablecoins issued or managed by massive tech companies like Google, Facebook (formerly Meta), Amazon, or Apple. These coins benefit from the enormous trust of users and the advanced digital infrastructure that these companies possess.

Why are major tech companies interested in stablecoins?

Expanding the digital financial system: Enabling millions of users to conduct financial transactions smoothly and quickly within their platforms.

Reducing transaction costs: Decreasing reliance on traditional banking networks and transfer fees.

Enhancing the digital economy: Supporting services like e-commerce, gaming, and even payments through their platforms easily.

Gathering deeper data: Despite benefiting users, these companies can collect more information about users' financial behavior.