Warren Seeks Details on Meta's Latest Stablecoin Plans

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U.S. Senator Elizabeth Warren sent Mark Zuckerberg a letter seeking details on Meta’s latest stablecoin plans and criticized what she called a lack of transparency. Warren said Meta’s scale could make any stablecoin push important for competition and financial stability. Meta said it does not have a Meta stablecoin and is only exploring payment options that can include third-party stablecoins such as USDC.

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