Search results for Diem
Crypto
Warren questions Meta on stablecoin payment push, citing lack of transparency
U.S. Senator Elizabeth Warren (엘리자베스 워런) has sent Meta a formal letter seeking details on its plans to expand stablecoin payments, criticising what she called a lack of transparency. The letter followed reports that Meta restarted stablecoin payment features on Facebook and began a pilot to pay some creators in Colombia and the Philippines using USD Coin. Warren raised concerns over financial stability, privacy and competition, and cited past USDC depegging. Meta denied plans to issue its own stablecoin.
Crypto
Meta opts for stablecoin instead of own coin, pays creators in USDC
Meta has begun settling payments in the stablecoin USDC for some Facebook creators in Colombia and the Philippines. The pilot uses the Solana and Polygon networks to reduce cross-border payment delays and fees. A Meta spokesperson said the company is reviewing stablecoins as part of broader payment options. Meta does not convert USDC to cash, leaving creators to handle exchange and related fees. Meta is working with Stripe to support tax reporting.
Finance
Google gains global payments clout as Korean financial groups step up growth industry support
Big Tech companies are pushing deeper into fintech, but results vary. Google has secured more than 150 million Google Pay users mainly in India and the United States, while Meta has yet to show clear traction since its Diem cryptocurrency project stalled. PayPal is moving to expand into AI and commerce, including a planned acquisition. In South Korea, financial groups and banks are rolling out funds, startup support and partnerships to back AI and other growth areas.
