#BigTechStablecoin Is a New Era of Digital Finance Coming?

In recent years, the largest technology companies, known as BigTech (e.g., Meta, Google, Apple, Amazon), have become increasingly interested in the world of cryptocurrencies, particularly stablecoins. Stablecoins are digital currencies whose value is tied to traditional assets, such as the US dollar. The aim is to provide price stability, which is lacking in typical cryptocurrencies like Bitcoin.

Meta (formerly Facebook) attempted to launch its own stablecoin – Diem (previously Libra). However, the project faced strong resistance from regulators and was ultimately abandoned. Nevertheless, the interest of BigTech companies remains strong. Their advantage in accessing billions of users worldwide means that the implementation of a stablecoin by any of these companies could revolutionize the payment system. On the other hand, this raises serious questions about privacy, monopoly, and impact on the global economy. Therefore, the involvement of BigTech in the development of stablecoins is a topic that requires both innovative approaches and strict regulation.