Meta (owner of Facebook, Instagram, and Threads) is returning to crypto. Instead of creating its own coin like it did with the failed Diem project, Meta now wants to use existing stablecoins such as USDC and USDT to pay content creators.
Key Points:
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Why Stablecoins?
Meta wants to make it easier to pay creators around the world, especially in countries with poor banking systems. Using stablecoins helps reduce bank fees, speeds up payments, and supports people without bank accounts. -
Who’s Leading the Project?
Meta hired Ginger Baker, a crypto expert from Plaid and the Stellar Foundation. This shows Meta is serious and wants to follow proper crypto rules. -
No More Private Coins
After the failure of Libra/Diem, Meta is not creating its own coin. Instead, it’s using stablecoins that are already popular and more accepted by regulators. -
Regulatory Challenges
In the U.S., stablecoin rules are still unclear. Meta is trying to avoid legal problems by using existing, compliant coins, but future laws could still affect the plan. -
Benefits for Creators
Content creators, especially in emerging markets, could get paid quickly and safely in crypto, without needing a bank account. This could help boost local content, grow creator income, and make Meta’s platforms more attractive. -
Long-Term Vision
Meta wants to be more than just a social network—it wants to become a global platform for digital finance by adopting crypto instead of competing with it.
This move could help Meta grow its influence and bring financial tools to more people, especially in places where banks don’t work well.
Disclaimer: This article is for information only and not financial advice.
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