Meta Explores Stablecoin Integration

Meta, the parent company of Facebook and WhatsApp, is exploring the integration of stablecoin payments on its platforms. This is reported by Fortune, citing informed sources.

According to journalists, the corporation has consulted with several firms related to crypto infrastructure but has not yet decided on further actions.

Meta may add support for several tokens, including USDT and USDC, according to one of the sources.

The initiative emerged three years after Meta abandoned its ambitious cryptocurrency project Diem (formerly Libra) due to pressure from lawmakers. In January 2022, the company sold the project for $200 million to the now-bankrupt Silvergate Bank.

The Stablecoin Race

Earlier, FT noted the beginning of a “stablecoin race” among global banks and fintech companies.

One potential participant is Fidelity Investments. In Europe, the Dutch ING is working on creating a stablecoin in accordance with MiCA regulations. In Japan, a similar task has arisen for Sumitomo Mitsui Financial Group, which manages Japan’s second-largest bank, SMBC.

The expected intensification of competition is prompting existing players to transform their businesses. For instance, PayPal, which has already issued PYUSD, plans to expand the use cases for the coin in 2025.

Stripe launched the Stablecoin Financial Accounts product. It allows businesses in 101 countries to hold balances in dollar stablecoins, as well as receive and send fiat and cryptocurrencies.

Circle launched payment and cross-border transfer services as an alternative to Visa and Mastercard.

Earlier, journalists learned about Visa’s participation in the USDG stablecoin consortium. Established in November 2024, the organization initially included Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Robinhood, and Paxos.

Later, the payment giant invested in the UK startup BVNK, which is developing infrastructure for stablecoin transactions.

Competitor Mastercard announced a partnership with Circle, Paxos, and Nuvei. Merchants in its network will be able to accept stablecoins regardless of the client’s payment method.

Back in January, the working group on digital asset markets formed by Trump identified the development of a regulatory framework for stablecoins as a priority.

Standard Chartered estimated the capitalization of stablecoins at $2 trillion by 2028, the US Treasury at $2 trillion by the same time, and Citi at $3.7 trillion in five years.