Meta Reportedly Plans a Crypto Comeback with Stablecoin Focus—Three Years After Diem

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/