Meta once again explores stablecoin integration to reduce payment costs, having sold the Diem project

Meta is considering integrating stablecoins to reduce payment costs compared to fiat currencies, such as payments to Instagram creators. The report said that "the company does not appear to have determined which stablecoin to use at this time". In addition, Meta has "contacted crypto infrastructure companies to address cross-regional payment fees". The company has also hired "former Ripple executive Ginger Baker as vice president of product".
The renewed focus on stablecoins comes at a time when "US regulators have adopted a friendlier approach to cryptocurrencies following the inauguration of President Trump". In 2019, Meta launched its stablecoin project Libra, later renamed Diem, but "due to regulatory crackdowns, the project failed to launch on schedule and eventually shut down". Diem's intellectual property was sold to Silvergate Bank, and although the bank later declared bankruptcy, "the project continues in the MOVE language in new chains such as Aptos, but no longer involves Meta".