Big Tech Stablecoins are stable digital currencies developed or promoted by large technology companies such as Meta (formerly Facebook), Amazon, Apple, or Google. These stablecoins are designed to maintain a stable value, generally linked to the dollar or other fiat currencies, and would be directly integrated into the platforms and services of these companies, enabling instant global payments within their ecosystems. One example was Diem, the Meta project that was canceled after receiving regulatory pressure. These currencies have the potential to revolutionize the financial system by offering more efficient alternatives to traditional banks, but they also raise concerns about centralized control, user privacy, and potential direct competition with national currencies. Although they have not yet been launched on a large scale, they represent a powerful trend in the convergence of finance and technology.
