Meta, led by Mark Zuckerberg, is reportedly planning to re-enter the stablecoin market in the latter half of this year. According to sources, the tech giant aims to integrate third-party providers to support stablecoin payments and launch a new wallet. Meta has issued product requests to third-party companies, with long-term partner Stripe being a potential candidate for the pilot.
Meta's previous attempt to launch a stablecoin, initially named Libra and later rebranded as Diem, faced regulatory hurdles and was impacted by the Cambridge Analytica scandal. The project was shut down and its assets sold in early 2022.
Meta Plans to Re-enter Stablecoin Market with New Wallet
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