On May 9, 2025, Fortune reported that Meta is considering integrating stablecoins for payments on its platforms after a three-year hiatus in crypto projects. The company is negotiating with crypto firms to use stablecoins for cross-border payments, particularly for payments to content creators on Instagram, where amounts can be around $100 without traditional fees. Meta has appointed Ginger Baker, a former employee of Plaid and a board member of the Stellar Development Foundation, as Vice President of Products to lead the initiative. This move coincides with the growth of the stablecoin market, which has exceeded $230 billion, and the changing regulatory landscape in the US following the failure of the GENIUS Act in the Senate. Will Meta become the new leader in crypto payments? Find out first by subscribing to #MiningUpdates
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