#BigTechStablecoin

#BigTechStablecoin

Big Tech companies are increasingly entering the stablecoin market, leveraging their vast user bases and technological infrastructure. Circle's USDC, launched in 2018, is a prominent example, offering a dollar-pegged stablecoin that operates on multiple blockchains, including Ethereum and Solana. In June 2025, Circle went public with an IPO that raised $1.1 billion, reflecting growing investor confidence in stablecoins .(marketwatch.com, en.wikipedia.org)

PayPal also ventured into this space with the launch of PayPal USD (PYUSD) in 2023, becoming the first major fintech to issue a dollar-backed stablecoin . These developments signify a shift towards mainstream adoption of digital currencies, with Big Tech playing a pivotal role in their integration into everyday financial transactions.(bankrate.com)