Meta Plans Stablecoin Integration, Eyeing Stripe as Key Partner
Meta is preparing to reenter the digital payments space through a stablecoin integration planned for the second half of this year, according to three people familiar with the plans who spoke to CoinDesk on condition of anonymity.
The tech giant, which owns Facebook, Instagram, and WhatsApp with a combined user base exceeding 3 billion, has sent out requests for product proposals to third-party firms to help administer stablecoin-based payments and implement a new wallet.
One of the sources identified Stripe as a likely candidate to pilot the integration. Stripe, which acquired stablecoin specialist Bridge last year, has been a long-standing partner of Meta. Stripe CEO Patrick Collison joined Meta's board of directors in April 2025. Meta, Stripe, and Bridge did not respond to requests for comment before publication.
This is not Meta's first attempt at digital payments. The company launched its Libra stablecoin project in 2019, later rebranded as Diem in 2020, aiming to create a global digital currency backed by a basket of national currencies.
The project faced significant resistance from U.S. lawmakers and ran into a difficult regulatory environment, in part compounded by lingering reputational damage from the Cambridge Analytica scandal.
The Libra Association scaled back ambitions in 2020, pivoting to separate stablecoins pegged to individual currencies, but the project was ultimately shut down and its assets sold off in early 2022.
