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Meta Explores Stablecoin Market Amid Renewed Crypto Push
Meta Explores Stablecoin Market Amid Renewed Crypto Push
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Meta (META) is reportedly developing a stablecoin for payout management, marking its re-entry into cryptocurrency after the collapse of its Libra/Diem project in 2022. The tech giant has hired Ginger Baker, a crypto-experienced VP of product, to lead the initiative.
The MOVE comes as stablecoins gain traction among both crypto-native firms and traditional financial institutions. Companies like Ripple, Mastercard, Visa, ING, and Stripe are all expanding into the stablecoin sector, reflecting broader institutional adoption of dollar-pegged digital assets.
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