Meta Not Done with Crypto—Stablecoin Strategy Back on the Table
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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…
