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Meta is reportedly exploring stablecoin-based payment infrastructure to integrate blockchain technology into its platforms. The tech giant is in early discussions with crypto firms to evaluate stablecoins for cross-border payouts, particularly for creator earnings on Instagram.
- Meta is evaluating stablecoins for cross-border payouts, targeting Instagram creator earnings.
- The initiative follows the abandoned Diem project, now led by fintech veteran Ginger Baker.
- Industry-wide interest in stablecoins grows, with Fidelity and Visa also exploring the technology.
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Other Tags: USDC, Mark Zuckerberg, Bank of America, Blockchain, Instagram, Libra, Meta, Silvergate Bank, Stellar Development Foundation, Visa Inc