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Meta Not Done With Crypto—Stablecoin Strategy Back On The Table

  • Meta is revisiting the crypto space by exploring the use of stablecoins for facilitating small payments between platforms like Instagram.
  • After the failure of its Diem project in 2022, Meta is now considering a more conservative strategy with a focus on leveraging existing stablecoins.
  • Ginger Baker, Meta's VP of Product, is leading discussions on utilizing stablecoins for business and creator payments, aiming to reduce transaction fees for global payments.
  • Meta is in talks with various crypto companies, maintaining a 'learn mode' approach and considering a multi-token strategy in the evolving stablecoin market.

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