#BigTechStablecoin The rise of Big Tech stablecoins marks a new chapter in the revolution of digital finance. Companies like Meta (formerly Facebook), Apple, and Google have explored or launched initiatives to create their own digital currencies—often pegged to stable assets like the US dollar. These so-called stablecoins aim to provide fast, borderless, and low-cost payments within their ecosystems.

Meta's Diem project, now shelved (formerly Libra), was the most prominent early example, sparking a global debate on whether technology giants should have the power to issue currency. Regulators feared that such stablecoins could disrupt monetary policy, banking systems, and user privacy if adopted by billions of users overnight.