menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptocurrency News

>

Meta’s New...
source image

TheNewsCrypto

6d

read

165

img
dot

Meta’s New Crypto Plan: Stablecoins for Creators

  • Meta is shifting its focus from issuing its own cryptocurrency to integrating stablecoins like USDC and USDT for rewarding content creators on its platforms like Facebook and Instagram.
  • Stablecoins are preferred for their stable value and suitability for quick, stable, and low-cost transactions, enabling Meta to avoid slow legacy banking networks and assist creators in underbanked markets.
  • The use of stablecoins aims to improve creator retention, expand global engagement, and provide mobility in unstable economies, catering to creators in developing markets.
  • Meta's shift towards stablecoins reflects a more cautious approach after facing regulatory challenges in the past, with a focus on compliance and utilizing established fintech expertise to navigate the evolving crypto landscape.

Read Full Article

like

9 Likes

For uninterrupted reading, download the app