Mark Zuckerberg's Meta is planning stablecoin comeback in the second half amid U.S. regulatory shift

Mark Zuckerberg's Meta is planning a return to the stablecoin space in the latter half of this year, contingent upon successfully integrating with a third-party firm to manage payments using dollar-pegged tokens. The company, which owns Facebook, WhatsApp, and Instagram, is reportedly seeking a vendor to administer these payments and implement a new wallet, with Stripe mentioned as a likely candidate after sending out a request for product (RFP). This move aims to leverage Meta's massive user base for payments, potentially competing with platforms like X and Telegram in the 'super app' race, while bypassing traditional banking fees. This attempt follows the failed Libra/Diem project, which faced regulatory headwinds; however, the current U.S. regulatory climate, influenced by legislation like the GENIUS Act, is seen as more favorable, though regulations are still developing. Due to the prior experience, Meta is reportedly preferring to work with a third-party provider "at arm's length."

(Source：CoinDesk)