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Meta Restarts Cryptocurrency Project: Exploring Stablecoin Payment Solutions to Facilitate Cross-Border Transfers and the Creator Economy
According to Fortune magazine's report on May 8, Meta is exploring a stablecoin-based payment infrastructure, planning to reintegrate blockchain technology into its platform, using stablecoins to handle cross-border payments, and paying creators through Instagram, offering a more cost-effective solution than traditional fiat currency transfers.
Currently, Meta is in preliminary discussions with several cryptocurrency companies regarding the application of stablecoins in cross-border payments, but has not yet determined specific partners and is still in a 'learning mode.' The company is also keeping a low profile on this matter and has declined to comment.
In fact, Meta launched the 'Libra Project' (later renamed Diem) back in 2019, intending to establish a global payment network supported by multiple fiat currencies, but it was shelved due to regulatory pressure from U.S. lawmakers, and the related assets were eventually acquired by Silvergate Bank.
However, Meta has not given up. In January of this year, Ginger Baker, who has extensive experience in the fintech field, joined Meta as Vice President of Products to lead the new stablecoin project. Baker previously served on the board of the Stellar Development Foundation, overseeing the foundation's Stellar blockchain project.
As the U.S. intends to regulate stablecoins and use them as a representation of digital dollars, stablecoins have once again become the focus. Fidelity has revealed that it is currently testing stablecoins, while payment giant Visa is considering launching a fiat currency tokenization platform, and Bank of America has also hinted that it will launch its own stablecoin once regulations are clearer.
It is reported that Meta began engaging with cryptocurrency infrastructure companies in 2025 to explore using stablecoins to reduce international payment costs, particularly focusing on small payments for cross-market content creators and digital freelancers.
Meanwhile, Matt Cavin, a representative from USDC issuer Circle, is negotiating a partnership with Meta. Cavin previously held executive positions at the gaming blockchain startup Immutable.
Earlier this week, Meta CEO Mark Zuckerberg acknowledged the failure of the Diem project but also stated that Meta would continue to attempt to enter markets it had previously ventured into too early or encountered resistance.
Do you think Meta's exploration of stablecoin payments will be successful this time? Leave your thoughts in the comments section!
#Meta #稳定币 #跨境支付
According to Fortune magazine's report on May 8, Meta is exploring a stablecoin-based payment infrastructure, planning to reintegrate blockchain technology into its platform, using stablecoins to handle cross-border payments, and paying creators through Instagram, offering a more cost-effective solution than traditional fiat currency transfers.
Currently, Meta is in preliminary discussions with several cryptocurrency companies regarding the application of stablecoins in cross-border payments, but has not yet determined specific partners and is still in a 'learning mode.' The company is also keeping a low profile on this matter and has declined to comment.
In fact, Meta launched the 'Libra Project' (later renamed Diem) back in 2019, intending to establish a global payment network supported by multiple fiat currencies, but it was shelved due to regulatory pressure from U.S. lawmakers, and the related assets were eventually acquired by Silvergate Bank.
However, Meta has not given up. In January of this year, Ginger Baker, who has extensive experience in the fintech field, joined Meta as Vice President of Products to lead the new stablecoin project. Baker previously served on the board of the Stellar Development Foundation, overseeing the foundation's Stellar blockchain project.
As the U.S. intends to regulate stablecoins and use them as a representation of digital dollars, stablecoins have once again become the focus. Fidelity has revealed that it is currently testing stablecoins, while payment giant Visa is considering launching a fiat currency tokenization platform, and Bank of America has also hinted that it will launch its own stablecoin once regulations are clearer.
It is reported that Meta began engaging with cryptocurrency infrastructure companies in 2025 to explore using stablecoins to reduce international payment costs, particularly focusing on small payments for cross-market content creators and digital freelancers.
Meanwhile, Matt Cavin, a representative from USDC issuer Circle, is negotiating a partnership with Meta. Cavin previously held executive positions at the gaming blockchain startup Immutable.
Earlier this week, Meta CEO Mark Zuckerberg acknowledged the failure of the Diem project but also stated that Meta would continue to attempt to enter markets it had previously ventured into too early or encountered resistance.
Do you think Meta's exploration of stablecoin payments will be successful this time? Leave your thoughts in the comments section!
#Meta #稳定币 #跨境支付
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Western Union explores stablecoin business, accelerates cross-border payments and integration services
After the conclusion of "Cryptocurrency Week" and the passage of key legislation, Western Union announced that it will explore integrating stablecoins into its cross-border payment services.
Western Union CEO Devin McGranahan pointed out that #稳定币 is seen as an innovation opportunity for the company rather than a threat, and for this reason, the company is proactively exploring ways to incorporate stablecoins into its global services.
He emphasized that this integration will accelerate the speed of #跨境支付 and provide opportunities for conversions between fiat currency and stablecoins, especially in countries where currency exchange is difficult. Additionally, Western Union plans to offer stablecoins as a means of value storage to global customers.
Furthermore, Western Union is innovating its settlement processes with the aim of accelerating the transfer of funds and the free exchange of local currencies in regions such as South America and Africa. At the same time, the company is exploring partnerships with infrastructure companies to facilitate the free buying and selling of digital assets through these partners' platforms and to introduce stablecoin products into its digital wallet services.
The "GENIUS Act," signed by U.S. President Trump last week, aims to establish a clear regulatory framework for stablecoins to promote the development of the industry in the U.S., also igniting market imagination about the potential of stablecoins.
Standard Chartered Bank predicts that the market value of stablecoins may expand from the current $268 billion to $2 trillion by 2028. Moreover, White House cryptocurrency czar David Sacks boldly predicts that after the legislation is passed, the industry’s valuation may reach $3 trillion in the coming years.
Against the backdrop of changing regulatory environments in the U.S., several major American banks, including Bank of America (BofA) and Citibank, are also exploring this field. Bank of America CEO Brian Moynihan has confirmed that the bank is developing its own stablecoin and revealed that if the regulatory environment allows, the bank will "strongly" embrace cryptocurrencies.
In summary, from Western Union's active exploration of stablecoins to accelerate cross-border payments, to the proactive involvement of giants in the U.S. banking industry, along with the "GENIUS Act" pointing the way for the industry, stablecoins are rapidly moving to the center of the mainstream financial stage.
It is the mutual impetus of market enthusiasm and the entry of giants that jointly outlines a thriving future for stablecoins.
After the conclusion of "Cryptocurrency Week" and the passage of key legislation, Western Union announced that it will explore integrating stablecoins into its cross-border payment services.
Western Union CEO Devin McGranahan pointed out that #稳定币 is seen as an innovation opportunity for the company rather than a threat, and for this reason, the company is proactively exploring ways to incorporate stablecoins into its global services.
He emphasized that this integration will accelerate the speed of #跨境支付 and provide opportunities for conversions between fiat currency and stablecoins, especially in countries where currency exchange is difficult. Additionally, Western Union plans to offer stablecoins as a means of value storage to global customers.
Furthermore, Western Union is innovating its settlement processes with the aim of accelerating the transfer of funds and the free exchange of local currencies in regions such as South America and Africa. At the same time, the company is exploring partnerships with infrastructure companies to facilitate the free buying and selling of digital assets through these partners' platforms and to introduce stablecoin products into its digital wallet services.
The "GENIUS Act," signed by U.S. President Trump last week, aims to establish a clear regulatory framework for stablecoins to promote the development of the industry in the U.S., also igniting market imagination about the potential of stablecoins.
Standard Chartered Bank predicts that the market value of stablecoins may expand from the current $268 billion to $2 trillion by 2028. Moreover, White House cryptocurrency czar David Sacks boldly predicts that after the legislation is passed, the industry’s valuation may reach $3 trillion in the coming years.
Against the backdrop of changing regulatory environments in the U.S., several major American banks, including Bank of America (BofA) and Citibank, are also exploring this field. Bank of America CEO Brian Moynihan has confirmed that the bank is developing its own stablecoin and revealed that if the regulatory environment allows, the bank will "strongly" embrace cryptocurrencies.
In summary, from Western Union's active exploration of stablecoins to accelerate cross-border payments, to the proactive involvement of giants in the U.S. banking industry, along with the "GENIUS Act" pointing the way for the industry, stablecoins are rapidly moving to the center of the mainstream financial stage.
It is the mutual impetus of market enthusiasm and the entry of giants that jointly outlines a thriving future for stablecoins.
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IMF: CBDCs help promote financial inclusion in the Middle East and simplify new ways of cross-border payments
A survey by the International Monetary Fund (IMF) shows that central bank digital currencies (CBDC) have significant potential benefits in the Middle East, especially in promoting financial inclusion and improving cross-border payments.
At present, about two-thirds of the Middle Eastern countries are actively exploring the issuance of their own digital currencies. Among them, countries such as Bahrain, Georgia, Saudi Arabia and the United Arab Emirates have entered the proof-of-concept stage, and Kazakhstan has even launched two digital currency pilot programs.
Potential benefits of CBDC in the Middle East
The International Monetary Fund (IMF) emphasized in its report that for a region like the Middle East, which has many oil exporters, it is crucial to establish a seamless cross-border payment system. Cross-border payments in the Middle East currently face many challenges, including inconsistent data formats, differences in operating and compliance rules, etc. The IMF believes that the introduction of CBDC can effectively solve these problems, reduce transaction costs, and improve payment efficiency.
At present, about two-thirds of the Middle Eastern countries are actively exploring the issuance of their own digital currencies. Among them, countries such as Bahrain, Georgia, Saudi Arabia and the United Arab Emirates have entered the proof-of-concept stage, and Kazakhstan has even launched two digital currency pilot programs.
Potential benefits of CBDC in the Middle East
The International Monetary Fund (IMF) emphasized in its report that for a region like the Middle East, which has many oil exporters, it is crucial to establish a seamless cross-border payment system. Cross-border payments in the Middle East currently face many challenges, including inconsistent data formats, differences in operating and compliance rules, etc. The IMF believes that the introduction of CBDC can effectively solve these problems, reduce transaction costs, and improve payment efficiency.
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Russia considers permanent legalization of stablecoins to facilitate cross-border payments
The Russian government is considering regulating the entire circulation process of stablecoins, including the domestic transfer, accumulation and use of these assets in cross-border payments.
The Russian government is considering officially legalizing stablecoins for international transactions in order to simplify cross-border payments for Russian businesses amid ongoing sanctions, Izvestia reported July 3, citing the Russian Central Bank.
It is reported that the Central Bank of the Russian Federation is actively evaluating a proposal to allow the use of crypto assets pegged to stable value assets such as the US dollar or gold, which have relatively low volatility and are more stable than other cryptocurrencies.
The Russian government is considering officially legalizing stablecoins for international transactions in order to simplify cross-border payments for Russian businesses amid ongoing sanctions, Izvestia reported July 3, citing the Russian Central Bank.
It is reported that the Central Bank of the Russian Federation is actively evaluating a proposal to allow the use of crypto assets pegged to stable value assets such as the US dollar or gold, which have relatively low volatility and are more stable than other cryptocurrencies.
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China's Cross-Border Financial Opening Policy Released, Is the Cryptocurrency Asset Industry Welcoming a New Turning Point?
On January 22, the People's Bank of China and five other departments jointly issued (Opinions on Promoting Institutional Opening to International High Standards in Conditional Free Trade Pilot Zones (Ports) in the Financial Sector) (hereinafter referred to as (opinions)). The document proposed 20 policy measures, including supporting the optimization of the 'Wealth Management Connect' pilot in the Guangdong-Hong Kong-Macao Greater Bay Area, improving arrangements for the cross-border flow of financial data, and allowing foreign financial institutions to provide new financial services, marking the official start of a new round of financial opening.
Under this policy framework, can the cryptocurrency asset industry find a point of convergence and use policy dividends to broaden development paths? This article will explore the potential and future of the blockchain and cryptocurrency asset industry in the Greater Bay Area from two aspects: building a new blueprint and analyzing industry challenges.
Under this policy framework, can the cryptocurrency asset industry find a point of convergence and use policy dividends to broaden development paths? This article will explore the potential and future of the blockchain and cryptocurrency asset industry in the Greater Bay Area from two aspects: building a new blueprint and analyzing industry challenges.
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What is Offshore Renminbi?
When it comes to cross-border payments, offshore renminbi is indispensable. So what exactly is offshore renminbi, and what are its differences from onshore renminbi?
I. What is Offshore Renminbi?
Onshore Renminbi (CNY)
📌Location: Renminbi traded in the mainland Chinese market (e.g., Shanghai Foreign Exchange Trading Center).
📌Regulation: Strictly controlled by the People's Bank of China (central bank), with official limits on exchange rate fluctuations (±2% daily fluctuation range).
📌Participants: Mainly domestic banks, enterprises, and individuals.
📌Usage: For domestic daily economic settlements (such as wages, shopping, corporate trade).
I. What is Offshore Renminbi?
Onshore Renminbi (CNY)
📌Location: Renminbi traded in the mainland Chinese market (e.g., Shanghai Foreign Exchange Trading Center).
📌Regulation: Strictly controlled by the People's Bank of China (central bank), with official limits on exchange rate fluctuations (±2% daily fluctuation range).
📌Participants: Mainly domestic banks, enterprises, and individuals.
📌Usage: For domestic daily economic settlements (such as wages, shopping, corporate trade).
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Western Union Integrates Stablecoins, Accelerates Global Payment Innovation!
To enhance the speed and efficiency of remittances, global remittance giant Western Union is actively incorporating stablecoins into its payment infrastructure to modernize the global transfer system.
In an interview with Bloomberg, CEO Devin McGranahan emphasized that stablecoins have advantages of fast settlement, strong liquidity, and low cost, which will help:
Accelerating cross-border capital flow
Achieving seamless exchange between stablecoins and local fiat currencies
Expanding the global partner network
He stated that Western Union no longer sees stablecoins as a threat, but rather as a catalyst for financial innovation, and will directly offer stablecoin buying and selling functions on the platform, prioritizing emerging markets such as South America and Africa.
In an interview with Bloomberg, CEO Devin McGranahan emphasized that stablecoins have advantages of fast settlement, strong liquidity, and low cost, which will help:
Accelerating cross-border capital flow
Achieving seamless exchange between stablecoins and local fiat currencies
Expanding the global partner network
He stated that Western Union no longer sees stablecoins as a threat, but rather as a catalyst for financial innovation, and will directly offer stablecoin buying and selling functions on the platform, prioritizing emerging markets such as South America and Africa.
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$XRP
**Cross-border King Makes a Strong Comeback! 🚀**
RippleNet **Processes Over $10 Billion in Cross-Border Payments Daily**💸, **Connects 400+ Financial Institutions**! After the SEC Settlement, the Compliance Path is Clear, and Liquidity Remains in the Top 5. SWIFT Disruptor, Value Gap?
#XRP #Ripple #跨境支付 #加密合规 #BinanceSquare
**Cross-border King Makes a Strong Comeback! 🚀**
RippleNet **Processes Over $10 Billion in Cross-Border Payments Daily**💸, **Connects 400+ Financial Institutions**! After the SEC Settlement, the Compliance Path is Clear, and Liquidity Remains in the Top 5. SWIFT Disruptor, Value Gap?
#XRP #Ripple #跨境支付 #加密合规 #BinanceSquare
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【🔥Breaking】Digital currency explodes across the board! Dongxin Heping surges to limit up, cross-border stablecoin agreement opens up a trillion-dollar space
📈 Market Update
A-shares: Digital currency concept opens high, Dongxin Heping (002017) hits limit up (has hit limit up 9 times in the past year), Kechuang Information, Tianyang Technology, and Hengbao Shares follow suit! The three major stock indices open high collectively, with the Shanghai Composite Index up 0.24%, continuing a four-week winning streak.
Hong Kong stocks: Stablecoin concept explodes, Huajian Medical soars over 30% in a single day, Blue Harbor Interactive accumulates nearly 100% increase this month, OSL Group and New Fire Technology rise simultaneously.
💎 Core Logic for Limit Up
1️⃣ Digital Renminbi hardware leader
Dongxin Heping has mass-produced digital Renminbi hardware wallet cards and reading and writing devices, connecting with multiple operating institutions, covering high-frequency scenarios such as transportation and utility payments.
2️⃣ Global regulation breaking the ice igniting demand
The U.S. "GENIUS Act" is enacted: Trump officially signs the first federal law on stablecoins, requiring 100% reserve of dollar assets, Coinbase and Robinhood stock prices hit all-time highs.
Hong Kong's dual-track layout: On August 1, the "Stablecoin Regulation" came into effect, Huaxia Fund launched the first Renminbi tokenized fund, establishing a system of "international dollar stablecoins + Hong Kong dollar stablecoins on the mainland."
3️⃣ Domestic policy turning positive
Shanghai State-owned Assets Supervision and Administration Commission and the Industrial Internet Research Institute are intensively discussing stablecoin strategies, with the policy tone shifting from "strict control" to "inclusive development," offshore Renminbi stablecoins may become a breakthrough point.
🚀 Future Catalysts
Corporate holding trend rises: Listed companies' Bitcoin holdings increased by 120% year-on-year (for instance, Strategy's stock price has quintupled in a year), clearer regulations may stimulate more companies to allocate crypto assets.
Rare earth + military industry synergy: Rare earth control upgrades (humanoid robots create demand for high-end magnetic materials) + Fujian ship about to be put into service, both belong to the strategic technology main line along with digital currency.
⚠️ Risk Warning
Beware of token unlocking selling pressure (over $27 million unlocking this week);
Dongxin Heping's short-term rise is significant, caution against profit-taking.
Layout Suggestions: Hardware device manufacturers (positioning in digital Renminbi), cross-border settlement agreement parties, and compliant trading platforms in Hong Kong are three major directions with relatively high safety margins.
#Today's Topic: Will the stablecoin bill push Bitcoin to challenge $150,000?
Welcome to discuss → Friends holding related assets, please check in!
#数字货币 #跨境支付 #WalletConnect @WalletConnect $WCT
📈 Market Update
A-shares: Digital currency concept opens high, Dongxin Heping (002017) hits limit up (has hit limit up 9 times in the past year), Kechuang Information, Tianyang Technology, and Hengbao Shares follow suit! The three major stock indices open high collectively, with the Shanghai Composite Index up 0.24%, continuing a four-week winning streak.
Hong Kong stocks: Stablecoin concept explodes, Huajian Medical soars over 30% in a single day, Blue Harbor Interactive accumulates nearly 100% increase this month, OSL Group and New Fire Technology rise simultaneously.
💎 Core Logic for Limit Up
1️⃣ Digital Renminbi hardware leader
Dongxin Heping has mass-produced digital Renminbi hardware wallet cards and reading and writing devices, connecting with multiple operating institutions, covering high-frequency scenarios such as transportation and utility payments.
2️⃣ Global regulation breaking the ice igniting demand
The U.S. "GENIUS Act" is enacted: Trump officially signs the first federal law on stablecoins, requiring 100% reserve of dollar assets, Coinbase and Robinhood stock prices hit all-time highs.
Hong Kong's dual-track layout: On August 1, the "Stablecoin Regulation" came into effect, Huaxia Fund launched the first Renminbi tokenized fund, establishing a system of "international dollar stablecoins + Hong Kong dollar stablecoins on the mainland."
3️⃣ Domestic policy turning positive
Shanghai State-owned Assets Supervision and Administration Commission and the Industrial Internet Research Institute are intensively discussing stablecoin strategies, with the policy tone shifting from "strict control" to "inclusive development," offshore Renminbi stablecoins may become a breakthrough point.
🚀 Future Catalysts
Corporate holding trend rises: Listed companies' Bitcoin holdings increased by 120% year-on-year (for instance, Strategy's stock price has quintupled in a year), clearer regulations may stimulate more companies to allocate crypto assets.
Rare earth + military industry synergy: Rare earth control upgrades (humanoid robots create demand for high-end magnetic materials) + Fujian ship about to be put into service, both belong to the strategic technology main line along with digital currency.
⚠️ Risk Warning
Beware of token unlocking selling pressure (over $27 million unlocking this week);
Dongxin Heping's short-term rise is significant, caution against profit-taking.
Layout Suggestions: Hardware device manufacturers (positioning in digital Renminbi), cross-border settlement agreement parties, and compliant trading platforms in Hong Kong are three major directions with relatively high safety margins.
#Today's Topic: Will the stablecoin bill push Bitcoin to challenge $150,000?
Welcome to discuss → Friends holding related assets, please check in!
#数字货币 #跨境支付 #WalletConnect @WalletConnect $WCT
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