#BigTechStablecoin

🏦 What is Big Tech Stablecoin?

Big Tech Stablecoin is a stablecoin (cryptocurrency with a stable value) created or controlled by giant technology companies (Big Tech) such as:

Facebook (Meta)

Google

Amazon

Apple

Tencent, etc.

💡 Most Famous Example:

🟦 Diem (formerly: Libra) from Facebook/Meta

A stablecoin that was developed by Facebook.

Initial plan: to be used in WhatsApp, Instagram, etc.

Heavily criticized by governments for being considered too big and potentially disruptive to the global financial system.

Ultimately canceled in 2022.

🎯 Purpose of Big Tech Stablecoin:

To be used for transactions within their ecosystem (for example, shopping in marketplaces, paying for ads, transferring money via chat).

To increase their control over global digital payments.