#BigTechStablecoin Real Example:
š¹ Diem (previously named Libra) by Meta (Facebook)
Objective: To create a global stablecoin that can be used on WhatsApp, Facebook, and other platforms.
Initial supporters: Visa, Mastercard, Uber, Spotify, and others.
Issue: Faced significant pressure from US and global regulators.
Status: The Diem project was canceled in 2022 and sold to Silvergate Bank.