Meta is once again considering integrating stablecoins to drop payment costs after selling the Diem project.

According to Mars Finance, Meta is considering integrating stablecoins to drop the payment costs compared to fiat, such as payments to Instagram creators. Reports say, "The company does not seem to have determined which stablecoin to use specifically at this time." Additionally, Meta has "contacted crypto infrastructure companies to address the cost issues of cross-regional payments." The company has also hired "former Ripple executive Ginger Baker as Vice President of Product." This renewed focus on stablecoins comes as "U.S. regulators have taken a more favorable attitude towards crypto assets since President Trump took office." In 2019, Meta launched the stablecoin project Libra, later renamed Diem, but "due to regulatory crackdowns, the project failed to launch on schedule and was eventually closed." The intellectual property of Diem has been sold to SilverGate.io Bank, although the bank later announced bankruptcy, "the project continues in new chains like Aptos using the MOVE language, but is no longer associated with Meta."