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Meta, the parent company of Facebook, is reportedly in early discussions to introduce stablecoins for cross-border payments. The move aims to reduce high fees associated with traditional wire transfers, particularly for small payouts to content creators on Instagram.
- Meta is in early talks to integrate stablecoins for cross-border payments, reducing fees for small transactions.
- Instagram could leverage stablecoins to pay content creators in different markets more efficiently.
- Visa and Fidelity Investments are also investing in stablecoin-based payment solutions, signaling broader industry adoption.
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Related Tags: Stablecoin
Other Tags: Mark Zuckerberg, Fidelity Investments, Instagram, Meta, Stellar Development Foundation, Visa Inc