#BigTechStablecoin The Future of Stablecoins in the Eyes of Big Tech

Despite its great potential, the adoption of stablecoins still faces many challenges. Choosing the right fiat-backed cryptocurrency is an issue, as USDT is considered less transparent, USDC is in uncertainty post-Circle IPO, and PYUSD from PayPal has not been widely used.

Some companies want to create their own stablecoins, but this plan has been rejected by Democratic Party legislators who are concerned about the risks of private issuance. This indicates that regulation will play a crucial role in the future of this type of cryptocurrency.

Nevertheless, venture capital investment continues to flow, and two bills are being discussed in the US Congress to regulate these digital assets. The stablecoin industry remains promising, as long as technological innovation can proceed alongside clear regulations.