| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107232.0000000000 |
| ETH | $2429.7970000000 |
| BNB | $648.7497300000 |
| XRP | $2.1865210000 |
| ADA | $0.5653575000 |
| SOL | $149.8651000000 |
| DOGE | $N/A |
| DOT | $3.3916900000 |
| LTC | $86.5776000000 |
| LINK | $13.3266600000 |
Category: CRYPTO NEWS
The post Meta Not Done with Crypto—Stablecoin Strategy Back on the Table appeared on BitcoinEthereumNews.com. Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Meta is secretly pursuing a new direction into crypto, almost three years after it closed its struggling Diem project. The aim this time is not to build a new digital currency but to leverage current stablecoins to facilitate small payments between platforms such as Instagram. The company, according to a report by Fortune, is in discussions with multiple crypto companies but has not agreed on a course of action yet. Previous Plans Failed, But New Tactics Emerging Meta had once ambitious plans for its Libra venture, eventually rechristened Diem. That vision crashed in 2022 under massive pressure from US regulators and politicians. The firm eventually sold the assets of Diem and bid goodbye to crypto — at least temporarily. Meta CEO Mark Zuckerberg. Image: The420.in Now, with a new leadership group and more conservative strategy, Meta is reassessing the industry. Ginger Baker, hired in January as Vice President of Product, is spearheading initial discussions about leveraging stablecoins for business and creator payments. She has a financial technology and crypto background, which will likely inform the company’s next move. Here’s the full interview with Mark Zuckerberg at @stripe Sessions this week, talking about how AI is shaping Meta’s products, Mark’s perspectives on leadership, and stablecoins. pic.twitter.com/7HCds5xmCk — John Collison (@collision) May 8, 2025 Stablecoins Could Power Creator Payments One of the key concepts under consideration is utilizing stablecoins such as USDC and USDT for remitting small payouts to creators and businesses globally. Instagram influencers, for instance, typically receive payments of approximately $100 per transaction — sums that get devoured by conventional bank fees when remitted across borders. Total crypto market cap currently at $3.2 trillion. Chart: TradingView With stablecoins, such payments may be quicker and less expensive. According…
2025-05-10T02:45:10+00:00