Yesterday Fortune reported that Meta is exploring re-entering the stablecoin sector to use the digital currencies for payouts to creators.
The social media firm was the founder of the Diem (formerly Libra) stablecoin project in June 2019. Libra sent central bankers into a collective panic, and was eventually blocked and shuttered in late 2021.
However, Fortune reports that Meta is now more interested in using other stablecoins for payments and is in conversations with various stablecoin firms.
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