Meta Explores Stablecoins for Platform Payouts in Fintech Push

Meta is in advanced discussions with cryptocurrency firms to integrate stablecoins as a payout mechanism across its social platforms, according to sources familiar with the matter. The move marks a strategic pivot three years after the company shelved its Diem (Libra) stablecoin project amid regulatory scrutiny.

Ginger Baker, a Plaid veteran and stellar Development Foundation board member, has been hired as VP of fintech products to lead the initiative. Sources indicate Meta views stablecoins as a solution for cross-border payouts—reducing fees and settlement times for creators and advertisers.

The development signals renewed institutional interest in blockchain-based payments, though Meta appears focused on leveraging existing stablecoins rather than issuing proprietary tokens. Baker’s hiring suggests potential integration with traditional fintech rails.