Will Meta's entry into the stablecoin sector have a positive impact on the crypto market?
No. Meta is not a good company and can therefore only have a negative impact.
Will Meta create a new stablecoin or leverage existing stablecoins on the market?
If they want to manipulate it and farm better data, they are more likely to create their own than to use an existing one.
Are you confused by the dozens of stablecoins currently available?
There is a very low number of stablecoins compared to tokens or L1 coins, so that should not confuse anyone.
These days, stablecoins need to be tied with regulation if they really want to grow.
And I’m pretty sure Facebook, being one of the biggest companies in the world, can pull that off. They already have a massive platform, so I’ve got no doubt their stablecoin could become huge in the future.
Just their user base alone which is billions of people, is already a strong market for it.
You are aware that this goes against everything that cryptocurrency stands for, right?