Meta exploring stablecoin integration for payouts: Report

Source of this Article
Coin Telegraph 7 months ago 244

 Report

Tech company Meta is reportedly exploring integrating stablecoin payments into its platforms after a three-year hiatus from cryptocurrencies, Fortune reported, citing sources familiar with the matter.

The Facebook parent held talks with several crypto infrastructure firms in consultation but has not chosen a decisive course of action, according to the report.

One source said the company may take a multi-token approach and integrate support for popular stablecoins such as Tether's USDt (USDT ($1.00)), Circle's USD Coin (USDC ($1.00)) and others.

Meta is the latest tech firm to integrate or explore the use of stablecoins for payments, as they increasingly attract institutio...



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