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Meta (META) Is Looking to Deploy Stablecoin to Manage Payouts: Fortune

  • Meta, the parent of Facebook and Instagram, is exploring deploying stablecoins to manage global payouts as of May 2025.
  • This move follows Meta's 2022 shutdown of its prior stablecoin project, Diem, due to intense regulatory challenges and scrutiny.
  • Meta is in early-stage talks with crypto firms and hired Ginger Baker, a fintech veteran, to lead stablecoin product efforts.
  • The stablecoin market's capitalization doubled over the past year to about $245 billion, led by Tether with $150 billion and USDC nearing $60 billion.
  • Meta’s renewed stablecoin interest coincides with stalled U.S. Regulatory efforts, suggesting potential future challenges and significant market implications.
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  • 67% of the sources are Center
67% Center
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Fortune broke the news in New York, United States on Thursday, May 8, 2025.
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