According to reports, the target technology company is exploring the integration of Stablecoin payments into its platforms after a three -year pause of cryptocurrencies, Fortune reported, citing familiar sources with the matter.
Facebook’s father held conversations with several cryptographic infrastructure firms in consultation, but has not chosen a decisive action course, according to the report.
A source said the company can adopt a multiple approach and integrate support for popular stables such as the USDT (USDT) of Tether, the Circle USD Currency (USDC) and others.
Meta is the last technological company to integrate or explore the use of Stablecoins for payments, since they attract more and more institutional interests and investments, which causes Stablecoin market capitalization to shoot more than $ 230 billion.
Related: The US Stablecoin bill. UU. Blocked as the Democrats withdraw the support
Stablecoins attracts more institutional investment and becomes a strategic interest in the US.
Several payment processing companies announced investments in Stablecoin companies or announced Stablecoin integrations in May this year.
On May 7, the Visa Payments giant announced that it invested in Stablingin Startup BVNK. Althegh’s details of the agreement are still scarce, the head of products and visas associations, Rubail Birwadker, said Stablecoins was commanding an increasing market share of the payments.
Stripe, a global payments platform, launched Stablecoin -based accounts for customers in more than 100 countries on May 7.
The accounts allow users to store Stablecoin’s balances or transfer toks to other users and remove Stablecoin balances such as fiduciary currency to traditional bank accounts.
World Liberty Financial (WLFI), a cryptographic firm backed by the president of the United States, Donald Trump, launched USD1, a stablecoin, a US dollar, in March.
In May, the USD1 was the seventh larger stablcoin due to market capitalization that illuminates rapid growth of the tokenized fiduciary market.
The Trump administration has been repeatedly established is essential for American policy and a way of extending the hegemony of the US dollar by taking advantage of the demand for treasurers of the United States government and other governmental values.
However, Stablecoin’s integral regulations stagnated on May 8 after democratic senatic ones blocked the genius of the Stablcoin bill, contributing the hopes of the high officials in the Trump administration.
“The Senate lost the opportunity to provide leadership today by not advancing in Genius law. This bill rephes a unique opportunity in the generation of expanding the domain of the dollar,” wrote Treasury secretary, Scott Besent, in a position of May 8 x.
Magazine: UNSTABLECINS: Depending on bank races and other risks
