- Meta changes from crypto release to crypto integration
- Stablecoins offers low cost, global payment payment
- The approach targets the integration of financial and loyalty of the user
Three years from the Diem experiment crash, Meta returned to the crypto sphere at this time with a measured and adoption-based approach. Instead of launching its own digital token, the meta explores stablecoins such as the USDC and USDT to reward content creators on its platforms, including Facebook, Instagram, and threads.
This is a change in direction: the meta no longer seeks to shake global finances with a native coin. Instead, it will use established, widely accepted digital assets to enable fast, stable, and inexpensive transactions.
Why stablecoins now?
Stablecoins such as the USDC and USDT are fiat-currency-back and provide a stable value, making them suitable for daily transactions and creators. By embracing these tokens, Meta wants to:
- Avoid slow and expensive Legacy Banking Network
- Facilitate cross-border payments of frictionless
- Help creators in underbanked markets
These stablecoins also provide mobility in unstable economies, which appeal to creators in the development of markets. For MetaThe use of such tools can improve the creator's maintenance and expand the global relationship with its platforms.
Lessons have been learned in regulations
Having endured intense pushback regulations against Libra/Diem, Meta is now walking in Egghells. By incorporating the following tokens and renting seasoned Fintech leaders such as Ginger Baker to lead the charge, the company is trying to avoid past mistakes.
Although the US remains without a certain legal framework presented by the stylies Genius ActMeta's adoption of regulated assets such as the USDC and USDT minimizes direct legal exposure.
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