#BigTechStablecoin have shown growing interest in creating their own stablecoins. A stablecoin is a type of digital currency that is backed by real-world assets, such as the US dollar, to keep its value stable. Companies like Meta (formerly Facebook) introduced projects like Libra, later renamed Diem, aiming to make global payments faster and more accessible. These innovations promise benefits such as reduced fees and instant transfers, especially in countries with limited banking services. However, many governments and regulators are concerned about privacy, money laundering, and the control big tech could gain over finance.

#BigTechStablecoin