Big tech stablecoins are digital currencies created by major technology companies, aiming to combine the benefits of blockchain technology with price stability. These coins are typically pegged to fiat currencies like the US Dollar, ensuring their value remains relatively constant. Companies such as Facebook (now Meta) have explored creating their own stablecoins, like Diem, to facilitate faster, cheaper cross-border payments and enhance their digital ecosystems. These stablecoins are designed to provide reliability in volatile crypto markets, yet their integration with traditional financial systems raises concerns around privacy, regulation, and centralization, with governments increasingly scrutinizing their potential impact.😎