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Meta Explore Stablecoin Payments for its products: Report

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Facebook Parent Meta explores the inclusion of Stablecoin payments into its products after a 3 -year break from Crypto, according to Fortune.

Quoted from sources familiar with the matter, wealth I mentioned This Meta held talks with multiple encryption companies because they are working on the course of work.

Stablecoins

Meta may take a multi -payment approach from Stablecoin

Meta reported that Stablecoin exploration of its products after the company tried to launch its own symbol called Libra in 2019. This project faced organizational payment from legislators worldwide, and in the end the company sold projects and assets to Silvergate Capital Corporation.

One of the sources mentioned in the report said that the company may choose to follow a multi -born approach and integrate support for the list and popular stableoins such as Tether (Tether’s (Tether’s (Tether’s (Tether’s (Tether’s)USDT), Circle’s (USDC) and others.

Many companies that explore Stablecoin’s integration

Meta exploration also comes in a wider batch by many companies looking to integrate Stablecoin’s payments into their products like The maximum market For these symbols, beyond $ 230 billion.

In May alone, Payments GIANT VISA announced that it has invested at Stableco Startup Bvnk, while Stripe, the global payment platform, also announced the launch of its Stablecoin’s accounts for its customers from all over 100 countries on May 7.

Trump administration again and again He said Stablecoins is at the heart of American policy, and has also argued that this digital dollar is a great way to extend the dominance of the US dollar.

At the beginning of the month, World Liberty Financial, a company that supports it US PresidentIt announced the launch of Stableco Stablecoin USD1, which has become recently 5 bigger Stablecoin by the market.

However, with companies rushing to join the Stablecoin race, the comprehensive Stablecoin regulations stopped yesterday after the Democratic Senate members prevented Stablecoin’s draft law.

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