#BigTechStablecoin

The entry of major technology companies like Meta and Apple into the world of stablecoins is changing the game. These companies have a massive user base and advanced digital infrastructure, giving them a competitive edge to launch stablecoins backed by seamless payment systems. This trend could enhance financial inclusion and reduce reliance on traditional banking systems. However, it raises regulatory concerns regarding privacy, monopolies, and the impact of these currencies on countries' monetary sovereignty. It also raises questions about who sets the rules when private companies possess currencies similar to sovereign ones. Oversight and cooperation between governments and companies remain essential to achieve a balance between innovation and protecting the global financial system.