#BigTechStablecoin

#BigTechStablecoin – Explained Point to Point (within 100 words):

Concept – Stablecoins issued or backed by major tech companies (e.g., Meta, PayPal).

PayPal USD (PYUSD) – Launched by PayPal, backed 1:1 by USD, used for payments and transfers.

Meta's Diem (formerly Libra) – Aimed for global stablecoin use but was discontinued due to regulatory pressure.

Apple & Google – No official stablecoins yet, but exploring digital finance integrations.

Use Cases – Payments, remittances, in-app purchases, cross-border transfers.

Trust & Adoption – Big brands increase user confidence and adoption.

Regulation – High scrutiny due to potential global financial impact.

Future Impact – Could challenge traditional banks and reshape fintech.