Somewhere, out there in Menlo Park, the folks at Meta are chewing the fat with crypto companies. Yep, Fortune says theyāre plotting to pay creatorsāy’know, the lot who make us laugh, cringe, and lose sleep endlessly scrolling Instagramāusing the magic beans of stablecoins. Maybe this time, your TikToks about sourdough starters will finance your rent, not just your crippling coffee addiction. š„ā
Funny thing: itās only been three years since Metaās last attempt to lasso the crypto bull, a little venture called Diem. You remember Diem, right? The one that was supposed to reinvent money but went belly up when regulators swarmed like ants on a dropped picnic sandwich. Even with all the heavyweight friends! But time passes. Bruises fade. Tech moguls never really quitāespecially not the ones with robot rictus smiles and a taste for barbecue sauce.
Small Potatoes, Big Plans, and Buzzwords
So now the pitch is all about scrimping and saving on feesāthose little e-nickels lost to the great void when you wire payments under $100 across borders. The dream? Send a fistful of dollars to your favorite content creator in Bulgaria, lose none of it to the mysterious āprocessing feeā elves. (Maybe, just maybe, youāll get a thank-you meme in return.) According to the whispers from deep inside Metaās war room, these stablecoins might finally squeeze the grease out of international micropaymentsā rusty gears. š
But letās not get ahead of ourselves. Metaās courting plenty of suitors, swiping right on every stablecoin in town. No rings on fingers or exclusive contracts. Polyamory, but for fintech. How modern!
New Faces, Old Hopes
Want a signal that this isnāt just another fever dream? Enter Ginger Baker, swept up in January to run Product. Sheās no stranger to this rodeo: ex-Stellar, ex-Plaid, and probably tired of explaining āblockchainā to her relatives at Thanksgiving. Now she gets to help Meta navigate the minefield of regulationsāagaināwhile muttering āitāll be different this timeā like the tech worldās own Sisyphus.
The Ghost of Diem Past
This week, Mark Zuckerbergāonstage doing his best to look human at Stripeās conferenceāhad a moment of clarity. āDiem is dead,ā he shrugged, as if heād just lost a sneaker in a swamp. āSometimes first isn’t best,ā he added, perhaps thinking of New Coke, Betamax, and every social network ever before Facebook. The crowd probably nodded, some checked Instagram, history repeating itself in real-time.
But make no mistake: Zuck isnāt out. Heās got that glint in his eye that says, āIāll be back.ā Or maybe thatās just the glare from his MacBook screen. Either way, round two is coming. And this time, heās bringing the stablecoins. š¤šø
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2025-05-09 04:22