Meta is planning to revisit the stablecoin technology space later this year. The company is planning to integrate a dollar-pegged payment system with the help of a third-party vendor.
According to a CoinDesk report, the tech firm aims to venture into the world of stablecoins by the end of the year, pending the success of its integration with a third-party payments firm.
According to three individuals familiar with the matter, the tech firm could start its venture into the field early in the second half of the year.
According to the source, Meta is planning to incorporate the stablecoin-based payment system through a third-party vendor. The source stated that the company is planning to introduce a new wallet for the payment system.
Meta Advances Stablecoin Pilot With Third-Party Partners
The source confirmed that Meta has initiated a request for product proposals for the project. The request has been sent to several companies. Stripe has been mentioned as a potential pilot vendor for the project. Stripe acquired Bridge, a firm specializing in stablecoin-based payments, last year.
Stripe has been associated with Meta for a long time. The CEO of Stripe, Patrick Collison, has been a member of Meta’s board of directors since April 2025. Meta, Stripe, and Bridge did not respond to the questions sent to them prior to publication. None of the companies has given any comments on the matter.
The integration of the payment system will increase Meta’s involvement in digital payments. It will also help the company to become less dependent on traditional banking systems.
Also Read: Bitcoin Gains Attention as Emirates NBD Weighs Investment in Digital Gold
It will also create a more streamlined payment system for its users across its top platforms. It will also allow Meta to develop new tools for transactions and digital commerce.
Growing Stablecoin Outlook Supports Meta’s New Initiative
This puts the platform in the same class as other major firms that are working on in-app payment systems. X, a platform owned by Elon Musk, is working on such features. Another platform, Telegram, is working on improving payment systems for users of their messaging app.
The company had a similar project in 2019, but it was for a digital currency that would be backed by a basket of assets from around the globe.
This project was later renamed to Diem. However, there was a lot of pressure from regulators in the US regarding the project and a lot of questions regarding the system.
Meanwhile, as stablecoin adoption grows, Standard Chartered predicts that the stablecoin market cap could rise from $304 billion to $2 trillion by 2028. This aligns with U.S. Treasury Secretary Scott Bessent’s prediction that the stablecoin market could be worth $3 trillion by 2030.
Source: MilkRoad
Also Read: SEC Approves WisdomTree Fund for Real-Time Blockchain Trading Access