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Published on 2026-02-24 | 1 hour ago
Meta Set to Reenter Stablecoin Market After Libra Blockade Four Years Ago: Report
Meta plans to reenter the stablecoin market later this year,
four years after regulators blocked its earlier digital currency effort, Libra.
The company is preparing to integrate dollar-pegged payments across its social
platforms, according to people familiar with the matter.Sources cited by Coindesk said Meta issued requests for product proposals to
external firms to help manage stablecoin-based payments. One named Stripe, which acquired the stablecoin
infrastructure firm Bridge last year, as a possible partner. Stripe CEO Patrick
Collison joined Meta’s board in 2025, signaling tighter cooperation between the
two companies.SCOOP: Mark Zuckerberg’s Meta is planning a stablecoin comeback in H2, eyeing a third-party vendor as a key partner to power payments across Facebook, Instagram and WhatsApp.@IanAllison123 reportshttps://t.co/NGgZHy9MC0— CoinDesk (@CoinDesk) February 24, 2026Meta Sends Out RFPs for Stablecoin IntegrationCommenting on the move, fintech analyst Simon Taylor said
Meta’s latest move is about distribution, not reinvention. He added that
stablecoins could become the “settlement layer” for Meta’s AI-driven commerce
as digital agents begin to transact globally.“I can imagine stablecoins will improve cross border flows
in long-tail markets where Meta already operates, as it does for Deel and
Payoneer today, but think about AI. Meta is earmarking $115-135B in 2026 capex,
mostly for AI. They're building agents that shop and transact autonomously,
"agentic commerce.”Meta aims to begin integration in the second half of 2026,
supported by a new wallet feature. Unlike the failed Libra project, Meta’s new
plan relies on third-party payment infrastructure rather than building its own
currency. “They want to do this, but at arm’s length,” one source said.Regulation and TimingMeta’s renewed push follows the passage of the U.S. GENIUS
Act in 2025, which established rules for stablecoin issuers. The company is
reportedly racing to launch before provisions limiting big tech stablecoin
activity take effect later this year.If successful, Meta could enable faster, lower-cost payments
within Facebook, Instagram, and WhatsApp while positioning itself to compete
with Elon Musk’s X and Telegram, both pursuing in-app payment systems.
This article was written by Jared Kirui at www.financemagnates.com.
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