Exclusive: Meta in talks to deploy stablecoins three years after giving up on la

Meta is reportedly in preliminary talks with crypto firms about using stablecoins, mainly to make small cross-border payouts, three years after it abandoned its Diem stablecoin project. According to five anonymous sources cited by Fortune, the company has hired Ginger Baker, a former Plaid executive, as a VP of product to help steer the explorations. One crypto executive said Meta could use stablecoins to pay creators at Instagram amounts around $100, at lower fees than fiat payments. Meta declined to comment.