#BigTechStablecoin Stablecoins: These are cryptocurrencies designed to maintain a stable value, typically linked to a traditional asset like the US dollar. This stability makes them suitable for transactions, unlike highly volatile cryptocurrencies.

Motivation of Big Tech Companies:

Reduction of Fees: Big Tech companies seek to bypass the often costly fees charged by traditional card networks (like Visa and Mastercard) by using blockchain technology and stablecoins.

Faster and Cheaper International Payments: Stablecoins can facilitate faster and more cost-effective international transactions.

Control over Payment Ecosystems: By using or even issuing stablecoins, these companies could gain more control over their own payment infrastructure and customer financial data.

New Sources of Revenue: They could potentially earn returns on the reserves backing the stablecoins.

Current Developments:

Exploration and Conversations: Many Big Tech companies are in initial talks with cryptocurrency firms and payment processors to explore the integration of stablecoins.