Meta, Facebook’s Parent Company, Prepares to Return to the Cryptocurrency Space After the Failed Libra Project

US-based technology giant Meta is reportedly planning to return to the stablecoin space in the second half of the year.

The company reportedly aims to collaborate with a third-party firm to provide payment integration using dollar-pegged token technology.

Meta, led by Mark Zuckerberg and owner of platforms like Facebook, WhatsApp, and Instagram, is reportedly looking to integrate stablecoin-backed payments into its massive ecosystem of over 3 billion users. According to a source close to the matter, the company plans to launch stablecoin integration in the early second half of the year. This will involve working with a provider to manage stablecoin-based payments and deploying a new digital wallet infrastructure.

According to another source, Meta has submitted a Request for Proposal (RFP) to third-party companies. Stripe is mentioned as one of the strongest candidates in this process. Stripe, which acquired stablecoin specialist Bridge last year, is a long-standing partner of Meta. Furthermore, Stripe CEO Patrick Collison joined Meta’s board of directors in April 2025.

Meta’s implementation of its own stablecoin integration could allow it to bypass traditional banking fees and offer a direct payment infrastructure to billions of users. This move could position the company strongly in the global social commerce and cross-border money transfer sectors. At the same time, this step represents direct competition from rivals like Elon Musk’s X and Telegram, which aim to integrate payment systems into their platforms. This vision was also among the core goals of Meta’s Libra project, announced in 2019.

Meta announced its Libra stablecoin project in 2019, but faced significant political and regulatory pressure due to the regulatory environment at the time and the reputational damage caused by the Cambridge Analytica scandal. The project was later rebranded as Diem and its scope was narrowed. While initially aiming for a global digital currency backed by a basket of national currencies, in 2020 it shifted to a model of multiple stablecoins pegged to different currencies.

However, the project was never officially implemented. In early 2022, Diem was completely shut down and its assets were sold.

*This is not investment advice.