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.
Hihi! Happy to learn your thoughts on why the Libra project failed? As the largest social media platform, is there enough client volume for cross-border payment? Is there any chance Amazon, the heavyweight in cross-border logistics, could succeed in issuing its stablecoin?