A recent report indicates that Meta, led by Mark Zuckerberg, is considering adding crypto support for its 3 billion global users. The company is reportedly in discussions with crypto firms to introduce stablecoins as a means to manage payouts. This move comes after Meta’s previous attempt to disrupt the global financial system with its Libra-Diem crypto-inspired currency was blocked by regulators in 2019. Since then, the stablecoin market, dominated by Tether’s USDT, has seen significant growth, partly due to supportive policies from the U.S. government. The potential integration of stablecoins into Meta’s platforms, including Facebook, Instagram, and WhatsApp, highlights the increasing adoption of cryptocurrencies as efficient payment methods. This development aligns with the growing trend of using stablecoins in virtual economies such as the metaverse and video gaming.
— new from Forbes