According to sources, U.S. Senator Elizabeth Warren sent a letter to Meta CEO Mark Zuckerberg requesting detailed information about the company’s stablecoin plans by May 20th. Warren cited concerns over Meta’s lack of transparency regarding its recent cryptocurrency initiatives, particularly referencing the company’s previous Libra project.
Meta reportedly tested USDC-based stablecoin payments with select content creators in the Philippines and Colombia in April, aimed at enabling faster and lower-cost cross-border transfers.
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