Meta’s Crypto Comeback? Why Zuckerberg Might Pay You in Stablecoins Now!
Hold on to your News Feeds—Meta (yes, the artist formerly known as Facebook, because Zuck is one rebrand away from being Prince), is allegedly poking its nose back into crypto, according to sources at Fortune who are “familiar with the matter,” which is reporter-speak for “my cousin’s friend says stuff at happy hour.” After a three-year break from crypto (probably needed a nap), the company is mulling whether to let those sweet, stable stablecoins onto its myriad platforms.
You know the drill: meetings, Zoom calls, “synergy” talk with cool crypto companies, but as of this writing they’re still not committing. Classic Facebook move—can’t even decide which status emoji captures their stablecoin mood. But rumor has it, Meta’s considering a multi-token approach (translation: more coins than Scrooge McDuck), including Tether (USDT), Circle’s USD Coin (USDC), and the usual suspects. Because why stop at one flavor of stablecoin when you can have the whole Neapolitan?
Why now? Because everyone else is doing it! The stablecoin market’s ballooned past $230 billion—sure, “billion” doesn’t feel real anymore, but imagine Zuckerberg in a vault, giggling softly. Institutions are throwing money at stablecoins so fast, you’d think there were Beanie Babies in 1997.
Stablecoins: Now With 52% More Drama!
May was all about payment processors getting on the stablecoin express—no one wants to be left out looking like the Myspace of finance. On the very glamorous date of May 7, Visa invested in stablecoin startup BVNK, because what better way to convince Gen Z you’re hip than by using an acronym no one can pronounce? Meanwhile, Visa’s Rubail Birwadker says stablecoins are grabbing “ever-greater market share,” which is fintech lingo for “your grandma might be in on this soon.”
Stripe, aspiring global payments overlord, now lets people in 100+ countries open stablecoin-based accounts. That means your tokens can chill as tokens, slide over to other users, or morph back to plain old dollars if you’re feeling retro. Fun for the whole (financial) family!
Not to be left out, World Liberty Financial (WLFI), with a little presidential bump from Donald Trump, rolled out USD1, creatively named in the finest tradition of “add a number, call it new.” By May, USD1 had elbowed its way up to seventh place in stablecoins, because why settle for top five when you’ve got headlines?
The Trump administration is on record hyping stablecoins as a way to keep the US dollar flexing on the world stage, mostly by funneling more global demand for US government Treasurys. Because nothing says “innovation” like modern monetary policy and memes.
But wait, there’s more: on May 8, stablecoin regulation took a little nap after Democratic Senators blocked the GENIUS Stablecoin bill (the acronym is doing some heavy lifting here). This left Trump administration officials shaking their heads and probably live-tweeting in ALL CAPS.
Treasury Secretary Scott Bessent, clearly prepping for his TED Talk, lamented on social media: “The Senate missed an opportunity to provide leadership today by failing to advance the GENIUS Act. This bill represents a once-in-a-generation opportunity to expand dollar dominance.” Translation: “Whyyyy?!” 😩
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2025-05-09 02:07