They have already spent a lot of money for their Libra project but it didn't materialized.
Will Meta's entry into the stablecoin sector have a positive impact on the crypto market?
Maybe but they have tried it already but they failed.
Will Meta create a new stablecoin or leverage existing stablecoins on the market?
They should bet on the existing ones. It's going to cost them a lot although they have the edge since they're one of the biggest social media platforms globally.
Are you confused by the dozens of stablecoins currently available?
Nope.