Meta Reportedly Plans Stablecoin Integration Across Its Platforms

Reading Time: < 1 minute

Meta Platforms is said to be revisiting its ambitions in digital finance, with plans to introduce stablecoin-based payments as early as this year.

A report from CoinDesk, citing unnamed sources, said the company has approached third-party firms about supporting a stablecoin integration. The initiative would represent Meta’s latest attempt to build out payment infrastructure tied to blockchain technology.

Meta’s renewed interest comes years after it abandoned its high-profile Libra project, later renamed Diem, which faced intense regulatory scrutiny in the US and other jurisdictions before being wound down. The company’s vast ecosystem — spanning Facebook, Instagram and WhatsApp — gives it a potential global distribution channel for digital payment tools.

According to the report, Meta is planning to onboard a vendor to oversee stablecoin-backed payments and to introduce a new wallet product. It has also circulated requests for proposals to external providers, with Stripe cited as one of the companies referenced in discussions.

The development builds on earlier reporting from Fortune, which said last May that Meta was assessing stablecoins as a way to streamline and lower the cost of transactions, including payouts to content creators on Instagram.