#BigTechStablecoin

In recent years, major technology companies have entered the digital currency space, with a growing focus on stablecoins—cryptocurrencies pegged to stable assets like the US dollar. These coins offer a more predictable value than volatile cryptocurrencies like Bitcoin, making them attractive for mainstream use.

One of the most notable examples was Meta’s (formerly Facebook) Diem project, initially launched as Libra. Although the project faced regulatory hurdles and was eventually shut down, it marked a turning point in how tech giants view digital finance. Other companies, such as PayPal, have made progress in launching their own dollar-backed stablecoins for use in digital wallets and e-commerce.

As governments work on central bank digital currencies (CBDCs), the race between public and private digital money continues—with big tech companies playing a powerful role in shaping the future of finance