'No thanks': MAGA senator thumbs nose at billionaire Trump ally's reported new venture

A MAGA senator expressed deep opposition Thursday evening to a reported new venture eyed by Meta, the parent company of Facebook and Instagram.

CEO Mark Zuckerberg has proposed deploying stablecoins, a form of non-volatile cryptocurrency pegged to the U.S. dollar — this month, according to new reporting in Fortune.

Meta is actively discussing introducing stablecoins to manage payouts, reviving its push into the sector three years after shutting down its previous cryptocurrency project.