Meta may revive its stablecoin ambitions after the failure of its initial project, Diem. Despite claims from Meta’s communications director that “Diem is dead,” insider discussions suggest a potential strategy to enter the stablecoin market for payments.
Senator Elizabeth Warren is advocating for stricter regulations through the GENIUS Act to prevent Big Tech from controlling stablecoins. Recent blockages in Senate legislation exhibit ongoing regulatory challenges, emphasizing the risk to financial stability and oversight.
Leave a Reply