From Nasdaq: 2025-06-05 16:11:00

Meta Platforms (NASDAQ: META) is considering using stablecoins for cross-border payments after its unsuccessful attempt with Libra in 2019. Despite regulatory issues, Meta is exploring the potential benefits of stablecoins for its international business, which has seen significant growth since 2019, with $62 billion in advertising revenue coming from outside the US and Canada in Q1 2025.

Stablecoins are cryptocurrencies designed to maintain a stable value, often pegged to the US dollar or a commodity like gold. Meta believed Libra could reduce payment friction and costs, increasing engagement on its platforms. With stablecoins growing to $230 billion in value as of March 2025, Meta sees an opportunity to boost margins and increase engagement by using stablecoins for cross-border payments to content creators.

With the global awareness and regulatory acceptance of stablecoins increasing, Meta’s next stablecoin venture could be more successful. Citigroup projects stablecoin value to reach $1.6 trillion by 2030, highlighting the potential for growth in this sector. By avoiding high wire transfer fees, Meta could enhance its margins and incentivize content creators to engage more on its platforms.

While Meta has not confirmed its plans to use stablecoins, the growing regulatory acceptance and awareness of stablecoins make it a viable option for the tech giant. By leveraging stablecoins for cross-border payments, Meta could benefit from increased margins and engagement on its platforms. As regulators worldwide develop frameworks for stablecoins, Meta’s interest in this space could lead to a successful initiative in the future. 1. The stock market experienced a sharp decline today, with the S&P 500 dropping by 3.5% and the Dow Jones Industrial Average falling by 800 points. This came after disappointing economic data was released, causing concerns about a potential recession.

2. In response to the recent surge in COVID-19 cases, several states have reinstated mask mandates and other restrictions. California, New York, and Illinois are among the states that have implemented new measures to curb the spread of the virus.

3. The US economy added 943,000 jobs in July, surpassing expectations and marking the biggest increase in almost a year. This positive news has raised hopes for a strong economic recovery, although concerns remain about the impact of the Delta variant on future job growth.



Read more at Nasdaq:: Is Meta Plotting a Stablecoin Comeback Years After Libra’s Flop?