#BigTechStablecoin $USDC
💡 What is the stablecoin from major tech companies?
It is a digital currency:
Issued or supported by a massive technology company.
It is linked to a stable currency such as the US dollar (USD).
Used within the company's system, such as in-app purchases, advertisements, devices, online stores.
It benefits from the huge number of users of these companies to accelerate its adoption.
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🔍 Examples:
Diem coin from Meta (formerly Facebook): it was an attempt to launch a stablecoin, but it faced strong regulatory resistance and the project was halted.
Amazon Coin: currently not a stablecoin, but an example of how a company like Amazon could develop a digital currency linked to the dollar in the future for use in purchases on its platform.
