What are Stablecoins?

They are digital currencies (Crypto) aimed at maintaining a stable value, often pegged to a real currency such as the US dollar.

Example: 1 USDT (Tether) = 1 US Dollar.

They are used to avoid sharp price fluctuations in digital currencies like Bitcoin.

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✅ What is meant by Big Tech Stablecoin?

It is a stablecoin issued or managed by a major technology company. For example:

📌 The "Libra" (then Diem) project from Facebook (Meta):

It was an attempt to launch a global stablecoin backed by a basket of currencies.

The project faced rejection and strict regulations from governments and central banks.

It was ultimately halted.

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✅ Why is Big Tech interested in stablecoins?

To integrate them into their services like in-app purchases, transfers, advertising, e-commerce.

To reduce reliance on traditional banks and payment networks.

To connect users more to their platforms.