The landing of the big tech companies on the 'stablecoins' raises alarm bells about user privacy

It addresses the growing interest of tech giants - such as Apple, Amazon, Google and X - in the stablecoin market, the volume of which has grown by 78% in just one year. Although these assets promise stability and efficiency in payments, their adoption by digital giants poses serious risks to users' privacy, as they could access and monetise detailed financial information.

He warns about the lack of separation between banking and commerce, and the regulatory gaps that allow this irruption, recalling precedents such as the failed Libra project in Meta.

Daniel López highlights the dangers arising from the massive processing of personal data in this new financial ecosystem, in which key data protection and supervision issues have yet to be resolved.

Article by Daniel López, partner at ECIJA Madrid, for Cinco Días.