#BigTechStablecoin #BigTechStablecoin The hashtag #BigTechStablecoin primarily brings to mind Meta (formerly Facebook) and its ambitious, but ultimately unsuccessful, stablecoin project, Libra (later rebranded to Diem).

Here's why this is the most prominent example and the broader context:

The Prime Example: Meta (Facebook) and Diem (formerly Libra)

The Vision (Libra): In 2019, Facebook announced Libra, a proposed global stablecoin backed by a basket of low-volatility assets (like bank deposits and short-term government securities) and managed by an independent association. The goal was truly disruptive: to create a new global digital currency that could facilitate payments, remittances, and financial inclusion for billions of people, leveraging Facebook's vast user base