Meta Tests Stablecoin Payments for Instagram Creators

Meta is exploring the use of stablecoins like USDT and USDC to pay Instagram creators, marking a shift in strategy following the collapse of its Libra project. The company is reportedly discussing this with cryptocurrency firms, aiming to simplify regulatory compliance. This move comes after Meta’s previous attempt to launch a global digital currency, known as Diem, was met with significant opposition from regulators before being discontinued in 2022.