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Meta is exploring a re-entry into the stablecoin space, intending to pay creators with Digital Money.
According to Mars Finance, Meta is exploring a re-entry into the stablecoin space, using digital money to pay creators. It is reported that this social media company established the Diem (formerly Libra) stablecoin project in June 2019. Libra caused a collective panic among central bank governors and was ultimately blocked and shut down by the end of 2021.