Reports emerged on Monday that major technology companies like Meta are moving towards integrating stable cryptocurrencies into their systems, as recent reports revealed Mark Zuckerberg's plans to add support for digital currencies for Meta's over 3 billion users. This trend could bring about a significant shift in the digital payment landscape, especially as major companies attempt to capitalize on the digital revolution.
Meta, which operates platforms such as Facebook, Instagram, and WhatsApp, is seeking to provide low-cost stablecoins for content creators, which could reshape the structure of cross-border payments. In this context, Meta is in talks with cryptocurrency companies to offer innovative solutions in this area, amid fierce competition from major firms like Tether and PayPal.
Tether (USDT), the leader in the stablecoin sector, posted massive profits exceeding $13 billion over the past year, sparking a race in this sector. PayPal and Bank of America have launched their own stablecoins, while Visa has partnered with a firm called Bridge to enhance its capabilities in cryptocurrencies.
This trend reflects a significant shift in the financial system, with some reports predicting that the stablecoin market could reach $2 trillion by 2028, supported by new U.S. regulations that encourage financial innovation.
It is worth noting that the giant company Meta (which is now looking to strengthen its position in financial technology) could significantly benefit from its vast user base, potentially transforming it into a major player in the digital economy.
