Stablecoins are gaining traction, and Fortune 500 companies are beginning to actively use them. Meanwhile, Meta Platforms is making strides to enhance its presence in the AI sector.
Fortune 500 Companies and Stablecoins
According to a new survey by Coinbase, interest in stablecoins among Fortune 500 companies has surged in the past year. The survey polled 100 executives and found that nearly 29% are either using or exploring the use of stablecoins, up from just 8% in 2024. Faster financial transactions and lower payment fees are cited as the primary drivers of this interest. About 7% of respondents reported that their companies are already using stablecoins.
Meta's AI Strategy
Meta Platforms is taking bold steps in AI, recently acquiring a 49% stake in Scale AI, which specializes in data processing for AI applications. This move may help Meta expedite its technological advancements in the field. Despite high levels of capital investment, CEO Mark Zuckerberg has expressed frustration over the slow pace of AI development within the company.
Acquisitions and Partnerships in Crypto
Publicly traded company Netcapital has acquired the Mixie platform, marking a potential first for a public company acquiring a crypto-native protocol. The deal was made through Zelgor, a Netcapital portfolio company. Additionally, Guggenheim has announced the expansion of its digital debt offering through a partnership with Ripple, with a product fully backed by U.S. Treasuries potentially available for purchase using the RLUSD stablecoin.
The market landscape for stablecoins and artificial intelligence continues to evolve, showcasing that Fortune 500 companies and giants like Meta are actively seeking pathways to integrate new technologies.
