#BigTechStablecoin

🏦 In recent years, we have started to see an increasing interest from giant tech companies in launching their stablecoins, a trend that could change the face of the global financial system.

Stablecoins like Diem (which was affiliated with Facebook/Meta) opened the discussion about the role of large companies in controlling financial systems.

The main advantage of stablecoins is their peg to a stable currency like the dollar, which gives them price stability and makes them suitable for everyday payments.

But... the entry of companies like Google, Apple, or Amazon into this field may raise questions about:

Privacy protection

Centralization of power

The commitment of these companies to international laws

If these currencies become widely adopted, could they outpace traditional banks or even some decentralized digital currencies?

What do you think? Do you believe that the currencies of major corporations will be a step forward or a threat to financial independence? 🤔