Meta is about to enter the cryptocurrency market in earnest
That will happen if it successfully integrates with a third-party company to provide payments using dollar-linked token technology, according to three people familiar with the plans, coindesk.com writes.
The tech giant, which owns Facebook, WhatsApp and Instagram and has more than 3 billion users, intends to begin integrating the stablecoin early in the second half of this year, said one of the sources, who wished to remain anonymous because the plans are not public.
Meta plans to engage a service provider to administer payments backed by stablecoin, as well as introduce a new wallet, the source added.
A second source said that Meta has sent a request for product proposals (RFP) to third-party companies and mentioned Stripe as a likely candidate to pilot Meta’s stablecoin.
Stripe, which acquired steblecoin specialist Bridge last year, is a longtime partner of Meta, and Stripe CEO Patrick Collison joined Meta’s board of directors in April 2025.
Meta’s launch of its own steblecoin will allow it to open up payment channels to its huge user base while bypassing costly traditional bank fees, and potentially cement its role as a global leader in “social commerce” and cross-border money transfers.
The move will also put the tech giant in direct competition with companies such as Ilon Musk’s social media platform X as well as messaging platform Telegram, both of which are looking to move payments into the internal ecosystem, becoming a “super app”.
