#BigTechStablecoin

Is Silicon Valley Coming for Crypto? ๐Ÿค–๐Ÿ’ฐ

With Big Tech stepping into stablecoins, they are disrupting the crypto world!

๐Ÿ”น $PYUSD was launched by PayPal - a USD backed stablecoin, with a motive to accelerate mass adoption.

๐Ÿ”น Telegram is promoting $TON as a way to facilitate seamless payments through crypto.

๐Ÿ”น Meta's Diem (a.k.a. Libra) - failed, however, opened the door for others to capitalize.

๐Ÿ”น Amazon & Apple - when they enter, they can often choose when they want to, despite all that experience in payments.

What it means:

Stablecoins from tech giants has potential to accelerate adoption ๐Ÿ“ˆ - or questioned are we being decentralized, and do they have control? ๐Ÿง ๐Ÿ”

Big Tech Over Stablecoins... or will DeFi win out? ๐Ÿ‘‘