$ZRO

Meta would be studying the integration of stablecoins for payments

Stablecoins continue to attract the attention of major tech companies and traditional financial institutions, which are responding to the demand from retail investors.

The tech company Meta is exploring the possibility of integrating payments with stablecoins on its platforms after a three-year hiatus from cryptocurrencies, according to a report by Fortune citing sources familiar with the matter.

The parent company of Facebook has held discussions with several cryptocurrency infrastructure companies in consultation, but has not chosen a decisive course of action, according to the report.

One source said that the company could adopt a multi-token approach and integrate support for popular stablecoins such as USDt

USDT

0.8884 €

from Tether, USD Coin

USDC

0.8886 €

from Circle and others.

Meta is the latest tech company to integrate or explore the use of stablecoins for payments, as they increasingly attract institutional interest and investment, which has caused the market capitalization of stablecoins to soar above USD 230 billion.