Meta exploring stablecoins for cross-border payouts in renewed crypto push
Meta is exploring stablecoin-based payment infrastructure in a renewed effort to integrate blockchain technology into its platforms, Fortune reported on May 8, citing people familiar with the matter.
According to the report, the tech giant is in preliminary discussions with multiple crypto firms to evaluate stablecoins as a mechanism for managing cross-border payouts.
The discussions involve use cases like creator payouts through Instagram, where stablecoins could offer a low-fee alternative to fiat-based transfers.
According to one executive from a crypto infrastructure firm, Meta is currently in “learn mode” and is not yet committed to a specific stablecoin provider.
The company declined to comment on the matter.
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