Meta Exploring Stablecoin Payments For Its Products: Report
By: cryptosheadlines|2025/05/10 03:30:08
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Join Our Telegram channel to stay up to date on breaking news coverageFacebook parent Meta is exploring integrating stablecoin payments into its products after a 3-year break from crypto, according to Fortune.Citing sources familiar with the matter, Fortune reported that Meta held talks with multiple crypto firms as it works on a course of action.Meta Might Take A Multi-Token Approach For Stablecoin PaymentsMeta’s reported exploration into stablecoin payments for its products come after the company tried to launch its own token called Libra in 2019. That project faced regulatory push back from lawmakers globally, and the company eventually sold the projects rights and assets to Silvergate Capital Corporation.One of the sources cited in the report said the company may opt for a multi-token approach and integrate support for existing, popular stablecoins such as Tether’s (USDT), Circle’s (USDC) and others.Several Firms Exploring Stablecoin IntegrationsMeta’s reported exploration also comes amid a broader push by several firms who are looking into integrating stablecoin payments into their products as the market cap for these tokens soars past $230 billion.In May alone, payments giant Visa has announced it invested in stablecoin startup BVNK, while Stripe, the global payments platform, also announced the launch of stablecoin-based accounts for its customers from across 100 countries on May 7.The Trump administration has repeatedly said that stablecoins are at the core of US policy, and have also argued that these digital dollar’s are a great way to extend the USD’s hegemony. At the start of the month, World Liberty Financial, a firm backed by the US President, announced the launch of its USD1 stablecoin as well, which has recently become the 5th largest stablecoin by market cap.However, as firms rush to join the stablecoin race, comprehensive stablecoin regulations were stalled yesterday after Democratic Senators blocked the GENIUS stablecoin bill.For stablecoins and other digital assets to thrive globally, the world needs American leadership.The Senate missed an opportunity to provide that leadership today by failing to advance the GENIUS Act.This bill represents a once-in-a-generation opportunity to expand dollar...— Treasury Secretary Scott Bessent (@SecScottBessent) May 8, 2025Related Articles:Best Wallet – Diversify Your Crypto Portfolio Easy to Use, Feature-Driven Crypto WalletGet Early Access to Upcoming Token ICOsMulti-Chain, Multi-Wallet, Non-CustodialNow On App Store, Google PlayStake To Earn Native Token $BEST250,000+ Monthly Active Users Join Our Telegram channel to stay up to date on breaking news coverageSource link
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