Meta Explores Stablecoin Integration for Instagram Creator Payments
By: ethnews|2025/05/09 16:15:05
0
Share
Meta explores stablecoins like USDT for Instagram creator payouts, reviving crypto plans after Libra’s 2022 collapse under a more open regulatory climate.Hiring ex-Stellar VP Ginger Baker signals Meta’s shift toward existing stablecoins, avoiding Libra’s pitfalls while eyeing future DeFi integrations.Meta is reportedly in preliminary discussions with cryptocurrency firms to incorporate stablecoins such as USDT and USDC for cross-border transactions, specifically targeting payments to Instagram content creators.While the company has not formally confirmed these plans, recent hires with blockchain expertise suggest a renewed focus on digital assets. This move follows Meta’s earlier setback with the Libra project, later rebranded Diem, which faced regulatory pushback before being discontinued in 2022.Shifting Strategy: From Libra to Existing StablecoinsUnlike its previous attempt to launch a proprietary cryptocurrency, Meta now appears focused on leveraging established stablecoins. This approach may streamline regulatory compliance, a key hurdle for Libra.The current U.S. administration has shown greater openness to stablecoins, framing them as tools for financial innovation. Meta’s pivot aligns with this shift, aiming to avoid the scrutiny that derailed its prior ambitions.The appointment of Ginger Baker, formerly of Plaid and Stellar, as Vice President of Product underscores Meta’s strategic direction. Baker’s background in blockchain infrastructure could prove instrumental in designing systems for seamless cross-border payments. Industry observers speculate that Meta might later expand into decentralized finance (DeFi) offerings, such as lending or staking, though these plans remain unconfirmed.Bitcoin continues to demonstrate strength in marketsThe asset currently trades at $103,165, reflecting a 6% rise over 24 hours and a 35% gain across the past month. ETHNews analysts attribute this uptick to broader institutional interest and macroeconomic factors, though Meta’s stablecoin talks have not yet directly influenced prices.Meta’s exploration highlights growing corporate interest in stablecoins for practical applications. Should the company proceed, its global user base could accelerate adoption of crypto-based payment systems. However, regulatory challenges persist. The U.S. and other jurisdictions are still refining frameworks for digital assets, creating uncertainty for large-scale implementations.For Instagram creators, stablecoin integration could reduce transaction fees and processing times for international payments. This aligns with broader trends in the gig economy, where speed and cost efficiency are priorities.The post Meta Explores Stablecoin Integration for Instagram Creator Payments appeared first on ETHNews.
You may also like
Bank of Korea defends bank-first stablecoin plan amid bill deadlock
JPMorgan says bitcoin's main risk isn't Strategy, but blockchain adoption that doesn't benefit public chains and tokens
Fear & Greed Index Today: What Extreme Fear Means for Crypto, Stocks and Gold
The Crypto Fear & Greed Index has fallen to Extreme Fear as Tesla, Intel and the Nasdaq declined. See what it means for traders and explore stocks, crude oil and gold in the WEEX TradFi Trading Challenge.
Labour MPs Push to Make UK Crypto Donation Ban Permanent
Supreme Court ruling expanding Trump's authority over federal agencies raises questions for SEC, CFTC as crypto rulemaking advances
'Bottom building in progress': Analysts say bitcoin holder capitulation signals late-stage bear market
A Comprehensive Analysis: Starting from 1996, Who is Laying the Foundation for the Next Generation of Capital Markets
Luke Dashjr, the Biggest Anti-Spammer of Bitcoin, Inscribed Phrases on the Network in 2011
Whales bought 270,000 BTC while ETFs bled $7 billion. One side is wrong
The crypto IPO class of 2025-26 is down as much as 89%. Autopsy of a listing boom
Robinhood Chain Mining Guide: A Comprehensive Tutorial from Cross-Chain to Memecoin
BitGo CEO says single-digit percentages of bitcoin's supply are 'probably right' for large holders amid Strategy's sale
Beyond Private Keys: How to Safeguard the Security Boundaries of Web3 from Wallets, L2 to Supply Chains?
Vanguard Enters the Market, Opening a New Crypto Gateway for 50 Million Traditional Investors
Why the OUSD Alliance of 150 Companies Still Cannot Shake USDT and USDC?
Citigroup Analysis: Is There Still 47% Upside for Nvidia? Can Rubin and CPO Deliver?
WEEX API Fast Connect: Turn Every Sign-In Into a Live Trader in Under 10 Seconds
WEEX API Fast Connect is a one-click OAuth authorization system that lets your users link their WEEX account without ever touching an API key. Frictionless onboarding, faster conversions, higher retention — built for WEEX Broker partners.
Bitcoin's dwindling exchange reserves don't pack the same bullish punch anymore
Bank of Korea defends bank-first stablecoin plan amid bill deadlock
JPMorgan says bitcoin's main risk isn't Strategy, but blockchain adoption that doesn't benefit public chains and tokens
Fear & Greed Index Today: What Extreme Fear Means for Crypto, Stocks and Gold
The Crypto Fear & Greed Index has fallen to Extreme Fear as Tesla, Intel and the Nasdaq declined. See what it means for traders and explore stocks, crude oil and gold in the WEEX TradFi Trading Challenge.
Labour MPs Push to Make UK Crypto Donation Ban Permanent
Supreme Court ruling expanding Trump's authority over federal agencies raises questions for SEC, CFTC as crypto rulemaking advances
'Bottom building in progress': Analysts say bitcoin holder capitulation signals late-stage bear market
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
