#BigTechStablecoin
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๐น Cryptocurrency
Digital or virtual currencies that use cryptography for security. Examples include:
Bitcoin (BTC) โ Decentralized and deflationary.
Ethereum (ETH) โ Supports smart contracts and decentralized applications.
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๐น Big Tech & Cryptocurrency
Major tech companies are increasingly entering the crypto space:
Meta (formerly Facebook) tried launching a stablecoin (Diem, formerly Libra).
Apple and Google are integrating crypto-friendly features into payment systems.
Amazon and Microsoft offer blockchain services via their cloud platforms (AWS & Azure).
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๐น Stablecoin
A type of cryptocurrency that is pegged to a stable asset (like the US dollar) to reduce volatility. Types include:
Fiat-collateralized: Backed by real currency reserves (e.g., USDC, USDT).
Crypto-collateralized: Backed by other crypto assets (e.g., DAI).
Algorithmic: Maintains value via code and supply-demand mechanisms (less reliable historically).
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๐ Interconnections
Big Tech + Stablecoins: Efforts like Metaโs Diem aimed to combine tech infrastructure with financial services via stablecoins.
Regulation is tightening around Big Tech and stablecoins due to concerns about privacy, market dominance, and systemic risk.
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