#BigTechStablecoin Big Tech's entry into the stablecoin space has sparked major interest and controversy. Companies like Meta (formerly Facebook) attempted to launch their own stablecoin, Diem (formerly Libra), aiming to revolutionize global payments by leveraging their massive user base. The idea was to offer a fast, borderless, and stable digital currency tied to fiat reserves. However, regulatory pushback was strong, with concerns over privacy, monetary control, and global financial stability. While Diem eventually shut down, the concept highlighted the growing interest of tech giants in digital finance. If successfully implemented, Big Tech stablecoins could reshape cross-border commerce and financial inclusion