Meta eyes stablecoin integration by second half 2026 - report

Meta Platforms ( META ) aims to enter the stablecoin market in the second half of 2026, four years after shutting down its Libra/Diem initiative, as it looks to integrate dollar-backed digital tokens across its social media platforms, CoinDesk reported, citing sources familiar with the matter. This time, Meta’s ( META ) strategy reflects a more cautious approach. By relying on established stablecoin operators, the company aims to embed digital dollar payments into its apps without assuming the compliance burden of running its own cryptocurrency network. The company has sent out a request for product to third-party firms, the sources added, with Stripe emerging as a frontrunner due to its stablecoin infrastructure acquisition and CEO's board ties at Meta ( META ). “They want to do this, but at arm's length,” the source said . The integration targets Facebook, Instagram, and WhatsApp with a new wallet for dollar-pegged tokens. The move marks Meta’s ( META ) second attempt at stablecoins after its 2019 launch of Libra, rebranded as Diem, which later collapsed in 2022 as it failed to secure regulatory approvals. More on Meta Meta Platforms And Microsoft: AI Success And AI Slop Meta Platforms: Recent Significant Decline And The Longer-Term Story Meta's Data Quality Will, In My Opinion, Cause Its Moat To Widen CoreWeave looks to banks for Meta-backed loan: report What they're saying about an AI bubble impacting credit markets