#BigTechStablecoin

#BigTechStablecoin: The New Game of the Giants

The emergence of stablecoins issued by Big Tech is reshaping the global financial landscape. With technological potential, enormous capital, and a massive user base, giants like Meta (formerly with Libra/Diem) and rumors about Amazon are showing clear ambitions.

If successful, Big Tech's stablecoins could deliver superior transaction efficiency, easier cross-border payments, and expand access to financial services for billions of unbanked users. However, it also poses significant challenges regarding regulation, data privacy, monopoly risks, and the stability of the current financial system. Regulators worldwide are racing to find an appropriate legal framework that ensures a balance between innovation and risk control.