#BigTechStablecoin
It is worth noting the existence of a stablecoin issued or supported by major technology companies like Apple, Amazon, Google, or Meta.
A stablecoin is a type of digital currency linked to a stable asset such as the US dollar, and it is used in buying and selling transactions within those platforms, such as purchasing gifts, and such transactions can be applied in the buying and selling at physical product outlets, like Apple phones, for example.
Examples of stablecoins include:
1. The Diem project (formerly Libra) launched by Meta (formerly Facebook), which aimed to create a stablecoin backed by multiple global currencies, but it was halted due to regulatory pressures.
2. Another example is the PYUSD currency issued by PayPal, which is considered one of the first stablecoins supported by a major fintech company.
In your opinion, will any of those companies succeed in creating a stablecoin project?
