#BigTechStablecoin

It is worth noting the existence of a stablecoin issued or supported by major technology companies like Apple, Amazon, Google, or Meta.

The stablecoin is a type of digital currency linked to a stable asset such as the US dollar and is used in buying and selling transactions within those platforms, such as purchasing gifts, for example, and similar transactions can be applied in the buying and selling of tangible products, like Apple phones, for instance.

Examples of stablecoins include: $USDC

1. The Diem project (formerly Libra) launched by Meta (formerly Facebook), which aimed to create a stablecoin backed by several global currencies, but was halted due to regulatory pressures.

2. Another example is the PYUSD coin issued by PayPal, which is considered one of the first stablecoins backed by a major financial technology company.