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.