Meta is planning to deploy a stablecoin this year after issuing an RFP to third-party firms, CoinDesk reported on Feb. 24. CoinDesk also noted that a potential partnership with payments giant Stripe could be in the works, though no official confirmation has been made. A potential collaboration with Stripe would leverage Stripe’s payments expertise and existing stablecoin infrastructure. The development comes as the company seeks to re-enter the stablecoin market following the collapse of its Libra–Diem project due to regulatory pressures.
The stablecoin sector currently boasts a market capitalization of over $308 billion, up from $206 billion in January 2025, according to DeFiLlama. Meta initially launched its Libra stablecoin in 2019, later rebranded to Diem, but the project was shuttered amid intense regulatory scrutiny.
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