Meta Eyes Stablecoin Payouts in Bold Crypto Push: Report

Stablecoin Payout

After stepping back from the crypto space for nearly three years, Meta is now reportedly considering a fresh move. This time, the focus is on Stablecoin Payouts. According to a report by Fortune, the tech giant has been in early-stage discussions with several blockchain infrastructure firms to evaluate potential integration paths.

While no final decision has been made, insiders suggest that Meta is exploring a multi-token solution that could include leading stablecoins like Tether’s USDt and Circle’s USDC. This shift would position Meta among a growing number of tech companies leveraging stablecoins for seamless digital transactions.

The renewed interest comes as institutional adoption of stablecoins accelerates, driving the sector’s total market cap beyond $230 billion.

Stablecoin Adoption Surges Amid Growing U.S. Strategic Interest

Stablecoins are increasingly drawing institutional capital and have emerged as a strategic focus for the United States, with major financial players ramping up their involvement in the sector.

On May 7, payments giant Visa disclosed an investment in stablecoin infrastructure firm BVNK, signaling its continued commitment to the digital asset space. While the terms remain under wraps, Visa’s Head of Products and Partnerships, Rubail Birwadker, emphasized the rising share of stablecoin payments within global transactions.

That same day, Stripe, a leading global payments platform, unveiled stablecoin-based accounts for users in over 100 countries. These accounts empower users to hold, transfer, and convert stablecoin balances into traditional fiat currency through linked bank accounts.

Earlier in March, World Liberty Financial (WLFI), a crypto firm reportedly backed by former U.S. President Donald Trump, launched USD1, a U.S. dollar-pegged stablecoin. By May, USD1 had already climbed to become the seventh-largest stablecoin by market capitalization. This underscores the growing appeal of tokenized fiat solutions.

The Trump administration has consistently championed stablecoins as key to reinforcing U.S. dollar supremacy. They view this as a way to increase global demand for U.S. Treasurys and government-backed assets.

However, progress toward formal regulation hit a setback on May 8 when Democratic senators blocked the GENIUS Stablecoin Act, stalling efforts to establish a national framework.

“The Senate missed an opportunity to provide leadership today,” Treasury Secretary Scott Bessent wrote on X. “The GENIUS Act was a once-in-a-generation chance to enhance dollar dominance.”

Disclaimer
The information provided in this article is for informational purposes only and reflects the author’s opinion. It should not be construed as financial, legal, or investment advice. The cryptocurrency market is volatile and carries risks. Please conduct your own research before making any decisions.

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