Meta’s New Stablecoin Plan: Because One Wasn’t Enough

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Oh, Meta’s at it again. The tech behemoth is reportedly planning to roll out another dollar-backed stablecoin, because who doesn’t love a second (or third) chance to get into digital payments? This time, they’re aiming to integrate it into their ecosystem to make your life easier… or at least, their wallets fatter.

Insiders (because every big tech company has one) say that Meta will team up with a third-party vendor to bring the stablecoin into action sometime in the very exciting early second half of the year. Oh, and they’ve already put out a product request to third-party firms. But don’t worry, they’re probably going to partner with Stripe because, well, Meta’s been tight with them for a while now. Ever heard of the CEO of Stripe, Patrick Collison? He’s on Meta’s board of directors. Small world.

Stripe isn’t just any payment service, by the way. No, they decided to broaden their crypto horizons by scooping up Bridge, a stablecoin expert, last year. So, they’re basically the cool kids on the block now. Meta and Stripe together-what could possibly go wrong?

Meta Joins The Payment Party

Of course, Meta isn’t alone in this quest for digital payment domination. Telegram and X (remember when it was Twitter? So cute) are also jumping on the bandwagon, all eager to integrate digital currencies into their platforms. This is apparently all about “social commerce,” which is just a fancy way of saying they want to rake in cash by making payments easier. Cross-border remittances? Sure, why not. Bypass the banking system? Absolutely. Everyone’s a winner… except the banks, probably.

And here’s the best part: Meta has a little something called 3 billion users. That’s right. The entire world is Meta’s playground, and with their latest venture, they’re going to make money off it. Platform charges? Transaction fees? Sure, they’ll find a way. Just last month, Meta reported a Q4 2025 revenue of $59.89 billion. No big deal, just a 24% year-over-year increase. Keep it up, Mark!

Meta’s (Very) Colorful Stablecoin History

Let’s take a little walk down memory lane. Back in 2019, Meta (then still Facebook, but whatever) introduced Libra, a fiat-backed stablecoin. It was supposed to revolutionize social payments. Fast forward to 2020, and they rebranded it as Diem, because that would totally fix everything, right? But, surprise, surprise, people were still concerned about things like “data privacy” and “financial stability.” Go figure.

By 2022, Meta threw in the towel and sold its intellectual property to Silvergate Bank for a cool $182 million. Oh, and they shut down Novi, their digital wallet, because it was basically the kid who couldn’t keep up with the rest of the class. Now, they’re back at it again with a new stablecoin. Third time’s the charm? Maybe, maybe not.

And let’s not forget the regulatory circus going on. You know, with President Donald Trump’s GENIUS Act drafting frameworks to govern stablecoins. Meta, of course, prefers to “test the waters” through an external provider-because that’s always worked out well for them, hasn’t it?

“They want to do this, but at arm’s length.”

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2026-02-25 05:07