Meta is reportedly considering adopting stablecoins as a way to make cross-border payments. The company is in discussions with crypto firms and is likely to use more than one type of stablecoin. The company is looking at stablecoins as a way to make cross-border payments without the fees associated with wire transfers and other payment methods. One executive at a crypto infrastructure provider suggested Meta’s subsidiary Instagram could integrate stablecoins to facilitate small payouts in the range of $100 to creators in different markets, which would result in lower fees than if paid by fiat currencies. They described Meta as being in “learn mode,” adding that Meta would likely be agnostic toward the type of stablecoin it used, rather than choosing one provider, such as Circle’s USDC. Meta announced the initiative — first called Libra and later named Diem — in 2019 but abandoned it in early 2022 when the initiative met with opposition from regulators and lawmakers. Meta’s interest in the technology reflects the growing interest in stablecoins among non-crypto companies, especially as congressional lawmakers debate two bills that would regulate stablecoins after years of regulatory uncertainty.