Odaily News Meta is considering integrating stablecoins to reduce the cost of payments compared to fiat currencies, such as paying Instagram creators. The report said that "the company does not seem to have yet to determine which stablecoin to use". In addition, Meta has "contacted crypto infrastructure companies to solve the cost of cross-regional payments". The company has also hired "former Ripple executive Ginger Baker as vice president of product". The renewed focus on stablecoins comes at a time when "US regulators have taken a friendlier attitude towards cryptocurrencies after President Trump took office". In 2019, Meta launched the stablecoin project Libra, which was later renamed Diem, but "due to regulatory suppression, the project failed to launch as scheduled and was eventually closed". Diem's intellectual property has been sold to Silvergate Bank, and although the bank later declared bankruptcy, "the project continues in new chains such as Aptos in the MOVE language, but no longer involves Meta."