Meta wants to return to stable space when Trump enables crypto corruption

President Donald Trump is making money through cryptocurrencies, and Big Tech wants to take action again.

According to Mark Zuckerberg’s company, Meta now wants to revisit its cryptocurrency plan. wealth.

According to these initial encryption stages, Meta’s new Stablecoin program is led by Giner Baker, the company’s vice president of product, who previously worked at Fintech and currently serves on the Stellar Development Foundation, the crypto organization. Meta reportedly had a discussion with crypto infrastructure companies earlier this year.

Meta’s encryption-related program appears to be a hub for Stablecoin to facilitate payments from creators on its platform, such as Instagram.

Meta’s Stablecoin History

Back in 2019, before the company changed its name to Meta, Facebook announced a massive Cryptocurrency Projects These include new blockchains and crypto wallets for social media platforms. But at the heart of Facebook’s crypto project is the company’s plan to create its own Stablecoin called Libra.

Stablecoin is a cryptocurrency token designed to maintain a stable price. In the crypto space, the price of crypto tokens and meme coins is Unstable, Stablecoins is designed to provide holders with a relatively secure place to store funds. (Although that Not always working)

Facebook’s Libra project was called early obstacle. In fact, President Trump’s tenure in office, even shared Overall, severe criticism of cryptocurrencies, especially Libra who mentions Facebook. Anyway, Libra continues to continue. At the end of 2020, Facebook announced as cryptocurrency sets boom Rebrand for this project.

However, by early 2022, the company is now called Yuan It seems ready to give up On the Libra project, due to regulatory review. Then, cryptocurrency crashed in mid-2022, a series of major cryptocurrency tokens and companies Failed. By that summer, Yuan closure The last residue of its crypto project.

The encryption situation is different now

Fast forward to 2025 and a lot of changes have happened.

President Trump is now in his second term and feels very different about cryptocurrencies. trump card emission His own meme coins earlier this year. $Trump has caused hundreds of millions of dollars profit For the president and his cryptocurrency companies, only fees are charged.

One of Trump’s crypto companies, World Free Finance, has also launched its own souvenir, USD1. Abu Dhabi Investment Company has Announce A $2 billion investment in Trump’s Stablecoin.

Congress and financial regulators under Trump also sing differently on cryptocurrencies No action seems to be possible About these possibilities Corrupt transactions It involves the current US president.

So, for anyone looking to launch an encryption program, this moment is already mature and Meta is clearly expected to take advantage of it.