Mark Zuckerberg’s Meta in Talks With Crypto Firms To Launch New Stablecoin: Report
Facebook parent company Meta is reportedly eyeing a venture into stablecoins amid growing interest and demand for the digital asset class.
Citing anonymous sources familiar with the matter, Fortune reports that Meta reached out to crypto infrastructure companies earlier this year to introduce stablecoins as a means of managing payouts.
The discussions are reportedly still at a preliminary stage and are focused on enabling cross-border payments without the high fees associated with wire transfers.
An executive at a crypto infrastructure provider suggested that Meta-owned Instagram could use stablecoins to send small payouts in the range of $100 to content creators in different markets, which will be less costly than paying…
