#BigTechStablecoin A Big Tech stablecoin is a type of digital currency issued or backed by major technology companies (like Meta, Apple, Google, or Amazon) and designed to maintain a stable value, usually pegged to a fiat currency such as the U.S. dollar. These stablecoins aim to combine the benefits of digital payments with the trust and reach of big tech platforms.

One of the most notable attempts was Diem (formerly Libra), launched by Facebook (now Meta) in 2019. Diem was intended to be a global stablecoin used for payments across Facebook's massive user base. However, it faced intense regulatory pushback over concerns about privacy, monetary control, and financial stability. The project was eventually shut down in 2022.