Meta, a U.S. digital firm that owns Facebook, Instagram, and WhatsApp, plans to join the stablecoin market later this year.
According to a source citing people familiar with the matter, the software company plans to incorporate a dollar-pegged token with the help of a third-party business to manage payments.
The project aims to leverage Meta’s massive user base while avoiding some of the costs and hassles associated with traditional banking.
According to rumours, Meta will introduce its stablecoin-related services, including a dedicated wallet and payment infrastructure, in the second half of 2026.
The company has sent out a request for bids (RFP) to potential outside vendors. Its long-time partner, Stripe, is mentioned as a potential competitor. Since April 2025, Patrick Collison, the CEO of Stripe, has served on the board of Meta.
Meta has made previous attempts to introduce a stablecoin. The corporation started the Libra project in 2019 with the goal of creating a worldwide digital currency, which was subsequently renamed Diem.
But because of severe regulatory opposition and reputational issues, the project was eventually shut down in 2022, and its assets were sold off.
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