#BigTechStablecoin

The term "Big Tech Stablecoin" refers to stablecoin projects issued or supported by large technology companies like Meta (formerly Facebook), Amazon, Google, Apple, etc. Here is a clear and comprehensive explanation of the concept:

🧠 Definition:

A Big Tech Stablecoin is a cryptocurrency backed by a stable value (like the dollar or euro) but developed, managed, or supported by a major tech company.

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📌 Known examples:

1. Diem (formerly Libra) – Meta/Facebook project:

Aimed to create a global stablecoin pegged to a basket of currencies.

Was heavily criticized by regulators and ultimately abandoned.

2. Amazon Coins (not a stablecoin per se, but a closed token used on the platform).

3. Apple Pay and Google Pay:

Do not (yet) have a stablecoin but could launch one in the future to optimize payments within their ecosystems.