Meta

Sui’s native stablecoin goes live with promise of Treasury yield going back to the network
Plans for a Sui Dollar, which is issued by stablecoin firm Bridge, were introduced toward the end of last year.

The 'stablecoin sandwich' is dead: Why the next phase of crypto payments is all about the user relationship
The real competitive advantage in stablecoins, the moat that holds competitors at bay, now lies in the distribution held by incumbents, according to the person behind Meta's abandoned Diem token.

Meta plans stablecoin comeback this year
Mark Zuckerberg is reportedly ready for a stablecoin comeback years after the collapse of Libra. Will Meta's re-entry to the stablecoin market be smooth sailing? CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

Mark Zuckerberg's Meta is planning stablecoin comeback in the second half of this year
The Facebook owner’s stablecoin integration involves a third party vendor to help administer stablecoin-based payments and a new wallet to be implemented, sources said.

Meta Plans 30% Cut to Metaverse Budget as Reality Becomes Less Virtual: Bloomberg
Horizon Worlds and Quest are facing layoffs as Meta retreats further from its $70 billion bet on virtual reality, people familiar with the matter told Bloomberg.

Asia Morning Briefing: MSFT, Meta Soar on Strong AI Earnings, but Crypto AI Tokens Fail to Follow
MSFT and Meta both rocketed off in after-hours trading after reporting strong earnings, thanks to Artificial Intelligence, but on the crypto side, there wasn't much movement.

Meta's Stablecoin Plan Questioned by Democrats Ahead of Key Senate Vote
Sens. Elizabeth Warren and Richard Blumenthal sent a letter to Meta asking whether it's lobbied for the GENIUS Act or has any plans to join an issuer in any way.

Bitcoin Miners Notch Gains as Meta Signs 20-Year AI Deal With Nuclear Plant
The group may also be benefitting from a modest rise in the price of bitcoin on Tuesday.

Meta Shareholders Overwhelmingly Reject Proposal to Consider Bitcoin Treasury Strategy
The company has $72 billion in cash on its balance sheet, but barely any of the 5 billion shares that voted were in favor of adding bitcoin.

As Meta Said to Mull Tokens, Senator Warren Calls for Blocking Big Tech Stablecoins
While the top Democrat on the Senate Banking Committee argues for stablecoin limits, she and colleagues also questioned Binance's talks with Treasury.

