Meta seems to have caught the Stablein error and is said to be testing cryptocurrency.
According to sources that spoke in anonymity, the company argued with plans to introduce stables as a means of managing payments. He is said to have allegedly hired a vice president of a cryptocurrency product to help lead the negotiations.
Meta updated interest in stableinide growing popularity and adoption
Meta's recent interest in stable comes as the signs have become a worldwide important topic.
From the recent $ 1.1 billion Stablein Stableup Startup-silly to stripes to the loyalty of the financial company, indicating that it develops its stable world, the traditional finance world has awakened with a stability case,To.
News of Meta's interest in Stablecoins will come several months after the company hired Fintech as the vice president of the product and Ginger Baker, who specialized in payments.
Baker is well known in the Fintech and Crypto space, having previously worked as CEO of Fintech Company Plaid and still works on the Board of Stellar Development FoundationTo.
One source showed that it helps metal to navigate it in stability thanks to its experienceTo. As far as these studies are concerned, the three sources have confirmed that MTA contacted crypto infrastructure companies earlier this year.
They argue that talks are allegedly still in the initial phase and they focus on the ability of stableCoins to reach individuals in different regions without other payment forms, such as wire transferTo.
Currently, a technology company is described as a “learning mode”, but when it decides to make payments through stable, some think it would use a single provider, such as Circle USDC, instead of a variety of stable.
This is not the first time in the stableoins
Meta renewed interest in stable has drawn a lot of attention due to its history. In 2019, the Meta Block Chain revealed an initiative that became known as Liber and Paypal Corporate Consortium Lose Weight, which would have triggered stability supported by various Fiat currenciesTo.
This is where you will find out about the design changes in the LIBRA payment system, which help developers create innovative, safe and conformity financial applications that can serve everyone. PIC.TWITTER.com/AIHPPF8HX
– Diem developers (@diemdevelopers) April 16, 2020
Meta named the Diem Project in 2020, but had to give up in early 2022, as both the United States and European legislators and regulators were concerned about how such an offer of a Facebook scale affects the financial system and control over the money.
The diem group just didn't roll over and let it die. Indeed, they went further and further, collecting a small lobbying army, a brand, reducing Facebook and pushing out their ambitions for one digital currency.
However, despite the efforts they couldn't change any minds. It became clear after the project left Meta Point a person David Marcus, followed by other key players involvedTo.
Stuart Lvey, CEO of the Diet Association, later revealed in a statement that although they were actively looking for feedback from governments and regulators around the world and received positive substantive feedback on network design, the dialogues had learnedd.
As a result, Meta Diem's assets sold the crypto -friendly Bank on Silvergate for about $ 182-200 million in 2022, effectively pulling project curtains.
On Tuesday, Mark Zuckerberg, the founder and CEO of Facebook, appeared at a stripe conference, where he acknowledged Diem's failure on stage with Stripe Coofounder John Collison.
“This thing is dead,” allegedly Zuckerberg said And when he was asked to be a meta tendency to be early on technical trends, Zuckerberg said it was “certainly more fun than you are early than late.” Then he added: “There are a lot of things [we’re] Late and you have to staple your way back to the game, which I think is quite good. ”
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