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Bitcoin

Mark Zuckerberg Meta in talks with the encryption companies to launch a new Stablecoin: Report

The parent company is said to look forward to a project in Stablecoins amid increasing interest and demand for the category of digital assets.

Quoted from unknown sources familiar with the matter, luck Reports that META had reached the infrastructure for encryption companies earlier this year to provide Stablecoins as a way to manage payment.

According to what was stated, the discussions are still in an initial stage and focus on enabling payments across the border without the high fees related to wireless transfers.

An executive official in the encryption infrastructure provider suggested that the description -owned Instagram could use Stablecoins to send small payments within $ 100 for content creators in different markets, which will be less expensive than payment with fate currencies.

According to Zuckerberg, a new executive official in Crypto has been rented to help discussion.

Stellar Development Board of Directors joined Meta as Vice President of the Product in January, and he is now said to play an important role in Stablecoin’s technology giant efforts.

Stablecoins is now increasing among unsaturated companies by making legislative efforts to organize Stablecoins in the United States. Credit card giant Visa Invested in the Stablecoin Bvnk payment network to upgrade business transactions to business.

Titan Asset Management Sincerity investments It is also in the advanced stages of the dollar -backed Stablecooin test, according to the recent reports of the Financial Times.

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