Meta is reportedly exploring stablecoins for international creator payouts, potentially partnering with crypto firms. This initiative, currently in preliminary discussions, would leverage stablecoins, cryptocurrencies pegged to stable assets like fiat currencies, for managing payments. Stablecoins are perceived as less volatile compared to other digital assets, making them a potentially safer option. While details remain scarce, this move signals Meta’s continued interest in incorporating cryptocurrency technology, even after its failed Diem stablecoin project. This new focus suggests a shift towards utilizing existing stablecoins rather than creating its own, potentially streamlining international transactions for creators.
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Meta Said to Consider Stablecoin Use for International Creator Payouts
Meta is reportedly exploring stablecoins for international creator payouts, potentially partnering with crypto firms. This initiative, currently in preliminary discussions, would leverage stablecoins, cryptocurrencies pegged to stable assets like fiat currencies, for managing payments. Stablecoins are perceived as less volatile compared to other digital assets, making them a potentially safer option. While details remain scarce, this move signals Meta’s continued interest in incorporating cryptocurrency technology, even after its failed Diem stablecoin project. This new focus suggests a shift towards utilizing existing stablecoins rather than creating its own, potentially streamlining international transactions for creators.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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