1 month ago
The Facebook owner’s stablecoin integration involves readying a 3rd enactment vendor to assistance administer stablecoin-based payments and a caller wallet to beryllium implemented, sources said.
Updated Feb 24, 2026, 2:49 p.m. Published Feb 24, 2026, 2:38 p.m.
Meta, the U.S. tech elephantine helmed by Facebook creator Mark Zuckerberg, is aiming to participate the stablecoin abstraction aboriginal this year, pending palmy integration with a third-party steadfast to facilitate payments utilizing the dollar-pegged token technology, according to 3 radical acquainted with the plans.
The tech giant, which owns Facebook, WhatsApp and Instagram and has much than 3 cardinal users, wants to statesman its stablecoin integration aboriginal successful the 2nd fractional of this year, said 1 of the people, who spoke connected information of anonymity due to the fact that the plans are not public. Meta is readying to integrate a vendor to assistance administer stablecoin-backed payments and instrumentality a caller wallet, the idiosyncratic said.
A 2nd idiosyncratic said that Meta has sent retired a petition for merchandise (RFP) to third-party firms and mentioned Stripe arsenic a apt campaigner for piloting Meta’s stablecoin.
Stripe, which acquired stablecoin specializer Bridge past year, is simply a long-time spouse of Meta, and Stripe CEO Patrick Collison joined Meta's committee of directors successful April 2025.
Meta, Stripe, and Bridge were approached for comment, but nary responded by the clip of publication.
Meta launching its ain stablecoin would fto it unfastened outgo rails to its monolithic idiosyncratic basal portion bypassing costly accepted banking fees, and perchance presumption it arsenic a planetary person successful "social commerce" and cross-border remittances.
The determination would besides enactment the tech elephantine successful nonstop contention with the likes of Elon Musk's societal media level X arsenic good arsenic messaging level Telegram, some of which are aiming to bring payments in-house by becoming "super app." This was 1 of the archetypal goals for the planned Libra task — allowing the societal media institution to pat its immense networks, including WhatsApp's peer-to-peer messaging work and Facebook and Instagram's web and commerce tools, for payments.
Regulatory shift
Meta famously tried to present the Libra stablecoin, aboriginal renamed Diem, successful 2019, lone to look beardown headwinds owed to a little favorable regulatory clime than today’s and a lingering reputational deed from the Cambridge Analytica scandal.
In the look of a pushback against the task by U.S. lawmakers, the Libra Association, arsenic it was past called, scaled backmost its ambitions successful 2020, pivoting to the improvement of a fig of stablecoins pegged to antithetic currencies, arsenic opposed to the archetypal program of a planetary integer currency backed by a handbasket of nationalist currencies.
In the end, Meta’s stablecoin ne'er formally launched, and the task was unopen down and its assets sold disconnected successful aboriginal 2022.
The regulatory clime successful the U.S. contiguous is rather different. There are respective crypto regulatory regimes underway, including President Donald Trump's GENIUS Act, which, for the archetypal time, established a ineligible instauration for U.S. stablecoin issuers and opened the floodgates for marketplace entrants with caller tokens. However, U.S. regulators are inactive lone successful the aboriginal stages of drafting the regulations governing issuers.
That said, the full Libra/Diem acquisition has led Meta to similar relying connected a third-party stablecoin payments supplier this clip around, according to 1 of the sources.
“They privation to bash this, but astatine arm's length,” said the source.
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