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Meta is revisiting its stablecoin plans to reduce payout costs and improve payment efficiency post-Diem, seeking to align with a friendlier U.S. crypto policy.
What’s the Scoop?
- Return to Stablecoins: Meta is reportedly revisiting stablecoin integrations for payments, aiming to lower payout costs compared to fiat.
Ripple Connection: The company has hired a former Ripple executive and started working with crypto infrastructure firms to reduce cross-regional payment fees.- Friendly Regulatory Landscape: Meta’s exploration aligns with a potentially more favorable U.S. regulatory stance towards crypto under the current administration.
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