#BigTechStablecoin Big Tech stablecoins represent a convergence between tech giants and digital finance. Companies like Meta (formerly Facebook) have attempted to launch stablecoins, such as Diem (formerly Libra), backed by reserves to limit volatility. These initiatives aim to facilitate international payments and broaden financial inclusion. However, they raise major concerns: concentration of monetary power, privacy issues, risks to financial stability, and competition with national currencies. Under pressure from regulators, several projects have been slowed or halted. Despite this, interest persists, and Big Tech may return with more compliant models.
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