Meta is exploring stablecoin-powered payments across its platforms, according to a CoinDesk report citing anonymous sources. The effort would mark the company’s most direct reentry into digital assets since abandoning its Libra project under regulatory pressure.
The report said Meta has contacted third-party firms to facilitate stablecoin-based payments and is planning to integrate a vendor to administer transactions and launch a new wallet. Requests for proposals were reportedly sent to outside providers, with Stripe mentioned as one potential partner. Meta communications representative Andy Stone responded publicly that “there is still no Meta stablecoin,” adding the initiative is about enabling users and businesses to transact using their preferred payment methods.
Nothing has changed; there is still no Meta stablecoin. This is about enabling people and businesses to make payments on our platforms using their preferred method. https://t.co/h2fNKofAmr pic.twitter.com/O8CFDsc2wy
— Andy Stone (@andymstone) February 24, 2026
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The move would revive a strategy Meta previously pursued through Libra, later rebranded as Diem in 2020 before being discontinued amid heightened scrutiny from U.S. and global regulators. At its peak, the Libra initiative drew opposition from lawmakers concerned about monetary sovereignty and financial stability risks. The current approach appears more incremental, relying on external stablecoins rather than issuing a proprietary token.
Meta’s renewed payments focus follows reports last May that it was evaluating stablecoins to reduce transaction costs, including payouts to Instagram creators. With billions of users across Facebook, Instagram, and WhatsApp, even limited integration could materially expand stablecoin transaction volumes. Yet regulatory dynamics remain sensitive, particularly in the United States, where stablecoin oversight proposals continue to evolve.
The pivot also contrasts with Meta’s scaling back of metaverse ambitions. Reality Labs, the division overseeing virtual reality initiatives, has accumulated more than $70 billion in losses since 2021 and was reportedly considering workforce reductions of up to 30%. Blockchain-based metaverse tokens such as The Sandbox and Decentraland have similarly declined as user growth stalled.
For now, Meta has not committed to issuing its own digital asset. Market participants will watch whether formal partnerships are announced and which stablecoins, if any, are integrated into its global payments stack.
