Tech Company Meta is said to explore the integration of Stablecoin payments on its platforms after a three -year stop of encrypted currencies, luck I mentioned, quoting sources familiar with the matter.
The father on Facebook held talks with many infrastructure companies to consult, but he did not choose a decisive path to work, according to the report.
One of the sources said that the company may take a multi -born approach and integrate support for famous nails such as USDT (USDT), Circle usd (USDC) and others.
Meta is the latest technology company that integrates or explores the use of Stablecoins for payments, as it increases the institutional interest and investment, causing high market value to rise until $ 230 billion.
Related to: The American Stablecoin Bill has been banned while Democrats withdraw support
Stablecoins attracts more institutional investment and becomes an American strategic interest
Several payment processing companies announced investments in Stablecoin companies or announced Stablecoin Integration in May this year.
On May 7, the giant Visa announced the payments that it has invested at Stableco Startup Bvnk. Although the details of the deal are still minimal, the head of Visa and partnership products, Rubail Birwadker, said that Stablecoins was leading the market share of payments constantly.
Stripe, a global payment platform, launched Stablecoin’s accounts for customers in more than 100 countries on May 7.
Accounts allow users to store Stablecoin assets or transfer symbols to other users and withdraw Stablecoin assets as Fiat to traditional bank accounts.
World Liberty Financial (WLFI) launched a Chefir company supported by US President Donald Trump, USD1, which is Stablecoin in US dollars, in March.
In May, USD1 was the seventh largest stablecoin by the maximum market-which highlights the rapid growth of the distinguished FIAT market.
The Trump administration has repeatedly stated that Stablecoins is essential in American policy and a way to extend the hegemony of US dollars by harnessing the demand for US treasury bonds and other government securities.
However, the comprehensive Stablecoin regulations stopped on May 8 after the Democratic Senate members prevented the Stablecoin Bill – which led to the hopes of senior Trump administration officials.
“The Senate missed an opportunity to provide the leadership today through the lack of progress of the genius law. This law represents one opportunity for one generation to expand the domination of the dollar,” wrote Treasury Secretary Scott Payette on May 8 ×. mail.
magazine: UNSTABLECOINS: DefeGGING, runs the bank and other risks looming on the horizon
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