President Donald Trump is eroticism art historymaking bank off of cryptocurrency, and Big Tech wants back in on the action.
Meta is now looking to revisit its cryptocurrency plans as Mark Zuckerberg's company looks to launch a stablecoin to facilitate payouts on its social media platforms, per a new report from Fortune.
SEE ALSO: President Trump’s memecoin made 58 lucky crypto holders $10 million+According to Fortune, sources knowledgeable of these preliminary crypto stages say that Meta's new stablecoin plans are being spearheaded by the company's VP of product, Giner Baker, who previously worked in fintech and currently serves on the board of crypto organization Stellar Development Foundation. Meta reportedly held discussions with crypto infrastructure companies earlier this year.
Meta's crypto-related plans seem to center on a stablecoin used to facilitate payouts to creators on its platforms, like Instagram.
Back in 2019, before the company changed its name to Meta, Facebook announced a sprawling cryptocurrency projectthat included a new blockchain and crypto wallet for the social media platform. The centerpiece of Facebook's crypto project, however, was the company's plans to create its own stablecoin called Libra.
A stablecoin is a cryptocurrency token that's meant to maintain a stable price. In the crypto space, where the price of crypto tokens and meme coins is, well, unstable, stablecoins are meant to provide holders with a relatively safe place to store their money. (Although even that doesn't always work out.)
Facebook's Libra project hit some early roadblocks. In fact, President Trump, who was serving his first term in office, even shareda scathing critique of cryptocurrency as a whole, specifically mentioning Facebook's Libra. Regardless, Libra continued on. In late 2020, as cryptocurrency was set to boom, Facebook announced a rebrandfor the project.
By early 2022, however, the company now known as Meta seemed ready to give upon the Libra project due to regulator scrutiny. Then, crypto came crashing down by mid-2022 as a slew of major cryptocurrency tokens and companies failed. By that summer, Meta shut downthe final remnants of its crypto project.
Fast forward to 2025, and a lot has changed.
President Trump, now serving his second term, feels very differently about cryptocurrency. Trump launched his own meme coin earlier this year. $TRUMP has already resulted in hundreds of millions of dollars in profitsfor the president and his crypto companies from fees alone.
One of Trump's crypto companies, World Liberty Financial, has also launched its own memecoin, USD1. An Abu Dhabi investment firm has already announceda $2 billion investment in Trump's stablecoin.
Congress and financial regulators under Trump have been singing a different tune about crypto too as neither appear likely to take any actionregarding these potentially corrupt dealingsinvolving the sitting President of the United States.
So, the moment is ripe for anyone looking to start a crypto scheme, and Meta is apparently poised to take advantage of it.
Topics Facebook Cryptocurrency Donald Trump Politics Meta
Obama photographer Pete Souza on Trump: 'We failed our children'
With the 'bomb cyclone' gone, intense cold has set in
Byton's ridiculous electric SUV concept is over the top in every way
The first draft of that steamed hams script from 'The Simpsons' was excellent too
Precursors to Today's Technology: These Products Had the Right Vision
'Call Me By Your Name' is the rare case when movie should precede book
Dogecoin inventor thinks the cryptocurrency bubble will blow up in everyone's face
GoPro announces layoffs, end of drone business
Use Your Gaming Laptop and Play On Battery Power? Is It Possible?
GoPro announces layoffs, end of drone business
The Best CPU & GPU Purchases of 2017
Figure skater Jimmy Ma won us all over by performing to a Lil Jon song
The Internet of Things now includes everything and the kitchen sink
LG Electronics says, 'Screw it!' and puts AI in everything
In Paris Agreement speech, Trump never acknowledged the reality of global warming
Hold your breath for the world's first underwater band
Dell XPS 13 2018 hands on: Thinner, lighter and USB
Toss your gross Twizzlers and eat Australian
E3 2017 Trailer Roundup: Upcoming PC Games
'Three Billboards' and 'Lady Bird' win Best Picture at Golden Globes
How a remix of 'This is America' became a TikTok anthem for protesting police brutalitySnapchat's AI chatbot is rolling out to all users globallySeth Rogen has a blunt method of tackling 'All Lives Matter' commenters on InstagramFunko honors doctors and nurses on COVIDTwitter's trending section is an extra hellish minefield during the pandemicEric Trump celebrates the stock market as the U.S. coronavirus death toll hits 100,000Her Voice in My Head by Emma ForrestEmily Fragos on Emily Dickinson’s Letters by David O'NeillGoogle's AI search engine will 'anticipate users' needs'Tripadvisor in Australia: Everything you need to knowXiaomi 13 Ultra has four 50Staff Picks: Cycling, Skiing, and an Island of Solitude by The Paris ReviewJohn Jeremiah Sullivan Wins Prize, Does Paris Review Proud by Lorin SteinHow a remix of 'This is America' became a TikTok anthem for protesting police brutalitySadie Stein to Join Editorial Staff of 'The Paris Review' by Lorin SteinFrancisco Goldman on ‘Say Her Name’ by Lila ByockDavid Orr: Lost in the Archives, December 1985 by David OrrFoldable devices we could see in 2023Autobiography of a Royal Organist by James McVinnie'Yellowjackets' Season 2: What does Lottie's mall vision mean? Sony's 1000XM3 noise Apple takes a step towards its own version of Google Glass Emmy Rossum announces exit from 'Shameless' Steven Universe is the best kid's cartoon for adult audiences, period Dallas police slammed for tweeting picture of 'suspect' NASA's New Horizons snaps its first photo of Ultima Thule Minnesota governor says racism played a part in fatal police shooting Cher's mom is really proud of her daughter's 'Mamma Mia' cameo Lenovo's new Yoga Book is fun, but don't think of it as a laptop Eminem just dropped a surprise album called 'Kamikaze' and people are into it Teen discovers body in river while playing 'Pokémon Go' Snoop Dogg, the Game lead march to LAPD headquarters Real Housewife Ramona Singer gives us another branded celebrity Instagram fail Trump claims his loss of Twitter followers proves anti Facebook temporarily removed status updates cross Ryan Gosling's 'First Man' premieres in Venice: Review round 10 states sue federal government over transgender bathroom policies Rescued baby beaver takes a dip in the pool Acer Predator Triton 900 is a 2 Llama drama: A few woolly friends might snarl Tour de France route
2.4155s , 10194.953125 kb
Copyright © 2025 Powered by 【eroticism art history】,Warmth Information Network