#BigTechStablecoin Meta is preparing to return to the world of stablecoins:

According to the latest data, Meta (Facebook and WhatsApp) is once again exploring the launch of its own stablecoins to support payments on its platforms. Various tokens are being considered — USDC, USDT, and likely its own. This is part of their strategy to bring back cryptocurrency functionality after the Diem project a few years ago.

The US Congress is moving towards regulation — what it means for Big Tech

Recently, a vote took place in the Senate on the "Genius Act" (more than 66–32), which requires strict reserving and disclosure of reserves and establishes a legal framework for the issuance of stablecoins. In particular, the law partially restricts Big Tech's ability to launch their own stablecoins without user consent.

Traditional banks and fintech are entering the arena

Bank of America, Stripe, Revolut, PayPal, Standard Chartered, and others are actively developing or preparing their stablecoins for cross-border payments. Thanks to legislative loosenings, interest and issuance volumes are growing exponentially.

• For example, the market volume of stablecoins has exceeded $200 billion, with Tether ($142 billion) and Circle ($42 billion) holding 90% of the market share.