Internet reports that Meta is considering integrating stablecoins to reduce payment costs compared to fiat currencies, such as paying Instagram creators. The report said,"The company seems to have not yet determined which stablecoin to use." In addition, Meta has "contacted encryption infrastructure companies to resolve the issue of fees paid across regions." The company also hired "former Ripple executive Ginger Baker as vice president of product." The renewed focus on stablecoins comes at a time when "U.S. regulators are taking a more friendly attitude towards cryptocurrencies after President Trump took office." In 2019, Meta launched the stablecoin project Libra, which was later renamed Diem. However,"due to regulatory suppression, the project was not launched as scheduled and was eventually closed." Diem's intellectual property was sold to Silvergate Bank, and although the bank later declared bankruptcy,"the project continues in the MOVE language in new chains such as Aptos, but no longer involves Meta."