Facebook owner Meta eyes stablecoin integration this year: report
The Block
Meta is reportedly planning to integrate stablecoin-backed payments into its platforms later this year with the help of third-party vendors.Summary
According to a new report citing anonymous sources, Meta, the owner of Facebook, Instagram, and WhatsApp, is aiming to enter the stablecoin space later this year by integrating stablecoin-backed payments. The company has reportedly contacted third-party firms to help administer these payments and implement a new wallet, even sending requests for proposals (RFPs) to providers like Stripe. This move signals a renewed interest in digital payments, following Meta's previous, highly scrutinized stablecoin project, Libra, which was later rebranded as Diem before being shut down amid regulatory pressure.
(Source：The Block)