Meta Platforms Inc. is reportedly in discussions to re-enter the cryptocurrency market by deploying stablecoins, three years after abandoning its landmark Libra/Diem project. The company is engaging with crypto firms to explore stablecoin integration primarily for managing payouts, especially for content creators. Meta has also hired a vice president of product with crypto experience to oversee these initiatives. The plan involves leveraging existing stablecoins to facilitate cross-border payments. Additionally, Meta aims to introduce crypto wallets and payment options across its platforms, including Facebook, Instagram, and WhatsApp, which collectively serve around 3 billion users. This move marks Meta's first major crypto initiative since the Diem project was discontinued. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io