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Meta Platforms in Talks to Deploy Stablecoins for Content Creator Payouts, Crypto Wallets Across 3 Billion Users
By: defi news|2025/05/09 23:00:11
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Meta Platforms Inc. is reportedly in discussions to re-enter the cryptocurrency market by deploying stablecoins, three years after abandoning its landmark Libra/Diem project. The company is engaging with crypto firms to explore stablecoin integration primarily for managing payouts, especially for content creators. Meta has also hired a vice president of product with crypto experience to oversee these initiatives. The plan involves leveraging existing stablecoins to facilitate cross-border payments. Additionally, Meta aims to introduce crypto wallets and payment options across its platforms, including Facebook, Instagram, and WhatsApp, which collectively serve around 3 billion users. This move marks Meta's first major crypto initiative since the Diem project was discontinued.This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
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