Meta is exploring the use of stablecoins for global payments, particularly for cross-border transactions, with early discussions underway with crypto firms. This move coincides with a $245 billion surge in the US stablecoin market, primarily driven by USDT and USDC.
The timing of Meta’s renewed interest in stablecoins aligns with ongoing US regulatory changes, including attempts to advance the stalled GENIUS Act for establishing a stablecoin legal framework. This indicates a shifting landscape for digital assets.
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