Meta, under the leadership of Ginger Baker, is considering integrating US dollar-pegged stablecoins like USDT and USDC for cross-border payments, according to anonymous company reports as of May 2025.
The initiative marks Meta’s cautious return to the crypto industry, focusing on existing stablecoins for global payouts. The financial sector is watching for official announcements and regulatory feedback.
Meta Resurfaces in Crypto with Stablecoin Focus
Meta is reigniting its interest in crypto by evaluating stablecoin integration for global payments. Despite lacking an official announcement, internal sources confirm exploratory discussions are underway as of early May 2025.
Ginger Baker, Meta’s new VP of Product with a background in fintech and blockchain, is central to this venture. Her past roles at Plaid and the Stellar Development Foundation highlight Meta’s strategic planning. “We are in learn mode as we explore stablecoin integration for cross-border payments,” said Ginger Baker, VP of Product, Meta. Source.
Stablecoins’ Market Influence and Predictions
Financial industry observers anticipate potential impacts on the stablecoin market, given Meta’s historical influence and vast user base. Current discussions include how this move may affect content creator payments globally. https://twitter.com/SecScottBessent/status/1920551341531017606
Experts note that stablecoins like USDT and USDC offer stability in the largely volatile crypto market. This focus indicates a shift from prior failed initiatives towards collaboration with established providers.
Libra Project Lessons Shape Current Strategy
Meta’s previous attempt, the Libra/Diem project, faced regulatory hurdles and was abandoned. This new venture shows a shift away from creating its own coin, focusing instead on leveraging existing stable assets.
Experts from Kanalcoin suggest that this initiative, by using stablecoins, might successfully bypass earlier regulatory obstacles. The move aligns with growing institutional interest in stablecoin-based solutions.
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