Meta, owned by Mark Zuckerberg, is reportedly preparing to re-enter the digital payments space through stablecoin integration, according to a new report.
According to CoinDesk, citing anonymous sources, Meta is “aiming to join the stablecoin space by the end of this year” and has contacted third parties to support the deployment of stablecoin-based payments.
This move indicates Meta’s renewed interest in digital payments and stablecoins. The company, which owns social media and messaging platforms with billions of users worldwide such as Facebook, Instagram, and WhatsApp, previously established a stablecoin development division called Libra. The project was later renamed Diem in 2020 before being canceled due to increasing regulatory scrutiny on crypto projects.
The report states that Meta plans to integrate a service provider to manage payments backed by stablecoins and to launch a new wallet. The company has also issued a request for proposals (RFP) to third-party providers, including Stripe.
Earlier, in May last year, Fortune reported that Meta was considering integrating stablecoins to reduce payment costs, such as paying content creators on Instagram.
In response to this information, Meta spokesperson Andy Stone said: “Nothing has changed; Meta currently does not have a stablecoin. The goal is to enable individuals and businesses to make payments on our platforms using their preferred methods.”
Meta scales back metaverse ambitions
Although Meta’s metaverse strategy is not blockchain-based, the company was once considered part of the broader Web3 wave — a trend toward immersive virtual worlds where users can trade digital assets.
At the end of last year, Meta was reportedly considering significant cuts to its metaverse ambitions, potentially reducing up to 30% of Reality Labs’ staff — the division responsible for virtual reality headsets and long-term immersive technology initiatives. Since 2021, this unit has recorded cumulative losses exceeding $70 billion.
Meta’s difficulty in attracting users to the Horizon Worlds virtual platform reflects similar challenges faced by blockchain-based metaverse projects. Tokens from highly anticipated projects like The Sandbox and Decentraland have plummeted as interest waned.
Vương Tiễn
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Does USDT have full reserves? Tether reportedly hired KPMG for a comprehensive audit
Tether is conducting a comprehensive financial audit of USDT, hiring KPMG and PwC to improve financial transparency and internal processes. This move comes as it prepares to expand into the U.S. market and raise funds, aiming to address outside doubts about its U.S. dollar reserves. Detailed information about Tether’s past reserves was revealed after a legal battle, showing changes in its asset allocation.
区块客22m ago
RIV Coin Launches on Solana to Bridge Institutional Capital with DeFi Infrastructure
[PRESS RELEASE – Dubai, United Arab Emirates, March 24th, 2026]
RIV Coin ($RIV), a Vault protocol token built on the Solana blockchain, has officially launched as the core token of a reserve-backed digital asset ecosystem. The project introduces a verifiable reserve framework that enables off-chain
CryptoPotato26m ago
Ethereum L2 Fragmentation Faces Fix With New EEZ Plan
The Ethereum Economic Zone (EEZ) aims to unify layer-2 networks for seamless cross-chain transactions, addressing fragmentation and simplifying interactions. By enabling shared liquidity and synchronous smart contract execution, it supports a cohesive Ethereum ecosystem amid ongoing scaling debates.
CryptoFrontNews31m ago
RippleX Drops Whitepaper for Confidential XRPL Assets: XRP Goes Private? - U.Today
Inside new Ripple whitepaper: How ZK-proofs bring privacy to XRPL
What does this mean for XRP ecosystem?
The research division of RippleX has published a new whitepaper describing the implementation of confidential transfers for multipurpose tokens (MPT) on the XRP Ledger. The new technology is d
UToday32m ago
STRC’s on-chain yield stablecoin protocol Apyx has surpassed 1,000 users
Gate News message: On March 30, the number of Apyx protocol users, the issuer of on-chain interest-stablecoins supported by Strategy's Stretch (STRC), has reached 1,000. Apyx says that on-chain digital credit yield is taking the lead.
GateNews36m ago
Cardano’s Treasury Spent Millions While ADA Price Sinks – Community Demands Answers!
Cardano's recent drop to 13th place on CoinMarketCap has frustrated long-time holders, as the project struggles to recover its market cap. Community member Bobcorn criticizes treasury spending, arguing it benefits developers while investors suffer losses. The divide persists, with some supporting infrastructure investments for future growth, while others see them as wasteful during poor performance.
CaptainAltcoin2h ago
