Meta Re-enters Crypto Space: Stablecoin Focus Amidst Growing Institutional Backing

Meta Platforms, the parent company of Facebook and Instagram, is set to re-enter the cryptocurrency market with a renewed emphasis on stablecoins, according to industry sources. The tech giant has been quietly consulting with leading crypto infrastructure providers after shelving its Diem project three years ago. Now, discussions are focusing on integrating popular stablecoins like Tether’s USDT and Circle’s USDC into its social platforms.