Meta plans to integrate stablecoins into its payment platform, according to sources cited by CoinDesk and Bloomberg. Third party firms have been approached to provide the integration, including Stripe, which has a longstanding relationship with Meta.
However, Meta’s Communications Director Andy Stone has emphatically declared on X that “there is still no Meta stablecoin,” saying this is simply a matter of supporting another payment method.
In 2019 Meta (formerly Facebook) famously unveiled plans for the Libra stablecoin, later renamed Diem, alongside numerous big names including Visa, Mastercard, PayPal and Stripe. Within four months these four partners had pulled out, although Mastercard claimed regulatory pressure was not the only factor. Regulatory pushback eventually suffocated the project, with David Marcus, the former head of Meta payments, blaming former Treasury Secretary Janet Yellen.
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