Report: Meta Considering Using Stablecoins for Cross-Border Payments

Meta is reportedly considering adopting stablecoins as a way to make cross-border payments.The company is in discussions with crypto firms and is likely to use more than one type of stablecoin, Fortune reported Thursday (May 8), citing unnamed sources.Meta did not immediately reply to PYMNTS’ request for comment.The company is looking at stablecoins as a way to make cross-border payments without the fees associated with wire transfers and other payment methods, according to the report.Meta could, for exampl ...