Meta’s Stablecoin Plans Resurface Amidst Warren’s Push for Regulation

After Meta’s failed cryptocurrency venture, Diem, was shut down in 2022 due to intense regulatory scrutiny, the company is exploring a potential return to the stablecoin market. Senator Elizabeth Warren has raised concerns about this resurgence, advocating for stronger regulation and arguing against Big Tech’s involvement in digital currencies. While Meta denies any plans for a new stablecoin product, insiders suggest discussions remain ongoing behind closed doors.