Saw this post suggesting that Sui might collaborate with Meta (Facebook) to issue a stablecoin on Sui? @SuiNetwork Recently, there have indeed been rumors on Twitter, including hints from members of the Sui Foundation. @0xd34th said: "The meta is Sui," although he mentioned it was his personal opinion. The author of this post, Martin Folb, is a South African electronic music producer who worked in Silicon Valley for 12 years and is also the head of Token Dynamics, a company focused on blockchain. ➤ What kind of credibility does this have! Meta's market cap is $1.46 trillion, 100 times that of Sui. Meta has been exploring blockchain, trying to find a suitable entry point. The early Libra/Diem stablecoin project was the most ambitious attempt, even involving industry giants like Mastercard, PayPal, and Coinbase, aiming to create a global payment network through an alliance. However, it was defeated by regulatory and political resistance, eventually selling its technical assets to Silvergate Bank. Meta also collaborated with Polygon during the NFT craze, supporting NFT functionality on Instagram. At the time, many IG users were likely cheering. Mysten Labs was founded by former core members of Diem, including Evan @EvanWeb3 and Sam @b1ackd0g, and inherited the Move programming language from the Diem era. ➤ This Meta rumor is so intriguing. Meta's massive social ecosystem could bring scaled real-world users and application scenarios, which are currently the most scarce resources for most blockchains. If Meta integrates stablecoin payments into its social platforms, the transaction volume and user reach behind this could make Sui the blockchain infrastructure closest to real-world payments. For Meta, leveraging Sui's compliance design to address regulatory scrutiny aligns with its strategic payment ambitions. For Sui, it means an opportunity to establish an unshakable industry position with the help of a major player, even before fully outperforming similar blockchains. Regardless of whether the news is true, the previous Pokémon rumor and now this Meta news highlight Sui's potential as a technological carrier and value circulation bridge from Web2 to Web3. Stay hydrated! Buy more Sui @GiveRep
This is why $SUI got front run yesterday. @Meta in talks to deploy stablecoins three years after Regulators FORCED them to stop the Libra project, now @SuiNetwork.
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