{"id":128865,"date":"2025-05-08T22:16:02","date_gmt":"2025-05-08T22:16:02","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=128865"},"modified":"2025-05-08T22:16:02","modified_gmt":"2025-05-08T22:16:02","slug":"meta-exploring-stablecoin-integration-for-payouts-report","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=128865","title":{"rendered":"Meta exploring stablecoin integration for payouts: Report"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsTech company Meta is reportedly exploring integrating stablecoin payments into its platforms after a three-year hiatus from cryptocurrencies, Fortune reported, citing sources familiar with the matter.<br \/>\nThe Facebook parent held talks with several crypto infrastructure firms in consultation but has not chosen a decisive course of action, according to the report.<br \/>\nOne source said the company may take a multi-token approach and integrate support for popular stablecoins such as Tether&#8217;s USDt (USDT), Circle&#8217;s USD Coin (USDC) and others.<br \/>\nMeta is the latest tech firm to integrate or explore the use of stablecoins for payments, as they increasingly attract institutional interest and investment, causing the stablecoin market capitalization to soar past $230 billion.<br \/>\nAn overview of the stablecoin market. Source: RWA.XYZRelated: US Stablecoin bill blocked as Democrats withdraw support<br \/>\nStablecoins attract more institutional investment and become US strategic interest<br \/>\nSeveral payment processing companies announced investments into stablecoin companies or announced stablecoin integrations in May this year.<br \/>\nOn May 7, payments giant Visa announced that it invested in stablecoin startup BVNK. Although details of the deal remain scant, Visa&#8217;s head of products and partnerships, Rubail Birwadker, said stablecoins were commanding an ever-greater market share of payments.<br \/>\nStripe, a global payments platform, launched stablecoin-based accounts for customers in over 100 countries on May 7.<br \/>\nThe accounts allow users to store stablecoin balances or transfer the tokens to other users and withdraw the stablecoin balances as fiat currency to traditional bank accounts.<br \/>\nWorld Liberty Financial (WLFI), a crypto firm backed by US President Donald Trump, launched USD1, a US dollar-pegged stablecoin, in March.<br \/>\nIn May, USD1 was the seventh-largest stablecoin by market cap \u2014 highlighting the rapid growth of the tokenized fiat market.<br \/>\nThe Trump administration has repeatedly stated that stablecoins are central to US policy and a way to extend US dollar hegemony by harnessing demand for US government Treasurys and other government securities.<br \/>\nSource: Scott BessentHowever, comprehensive stablecoin regulations were stalled on May 8 after Democratic Senators blocked the GENIUS Stablecoin bill \u2014 dashing the hopes of senior officials in the Trump administration.<br \/>\n&#8220;The Senate missed an opportunity to provide leadership today by failing to advance the GENIUS Act. This bill represents a once-in-a-generation opportunity to expand dollar dominance,&#8221; Treasury Secretary Scott Bessent wrote in a May 8 X post.<br \/>\nMagazine: Unstablecoins: Depegging, bank runs and other risks loom<a href=\"https:\/\/cointelegraph.com\/news\/meta-exploring-stablecoin-integration-payouts?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsTech company Meta is reportedly exploring integrating stablecoin payments into its platforms after a three-year hiatus from cryptocurrencies, Fortune reported, citing sources familiar with the matter. The Facebook&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128865"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128865"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128865\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128865"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}