Meta, the tech giant behind Facebook, is making bold moves signaling an ambitious return to the crypto space, specifically in the stablecoin sector, three years after abandoning its controversial Libra/Diem project. However, with the regulatory situation for stablecoins in the US still uncertain, what opportunities and challenges lie ahead for Meta’s next strategy? Meta Re-Enters the Stablecoin Arena According to Fortune, Meta is in preliminary discussions with several cryptocurrency companies to explore stablecoin applications. Meta is focusing on cross-border payments for content creators to reduce costs. Meta first garnered attention in the crypto space in 2019 with its Libra project, later renamed Diem, a stablecoin designed to facilitate global payments
source: https://beincrypto.com/meta-eyes-stablecoin-comeback-creator-payments/