#BigTechStablecoin
Is Silicon Valley Coming for Crypto? ๐ค๐ฐ
With Big Tech stepping into stablecoins, they are disrupting the crypto world!
๐น $PYUSD was launched by PayPal - a USD backed stablecoin, with a motive to accelerate mass adoption.
๐น Telegram is promoting $TON as a way to facilitate seamless payments through crypto.
๐น Meta's Diem (a.k.a. Libra) - failed, however, opened the door for others to capitalize.
๐น 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 ๐ - or questioned are we being decentralized, and do they have control? ๐ง ๐
Big Tech Over Stablecoins... or will DeFi win out? ๐