Big Tech companies are entering the stablecoin space, and it's changing the game. Meta (formerly Facebook) tried with Diem, and now rumors suggest other giants are exploring similar projects. The idea of a tech-backed stablecoin is both exciting and concerning. On one hand, it could lead to mainstream adoption due to the huge user bases these companies have. On the other, it raises questions about privacy, control, and decentralization. A stablecoin by a company like Apple or Google might offer seamless payments but could also centralize too much power. Regulation will play a key role in how this unfolds.

Hashtag: #BigTechStablecoin