Summary
- Meta is said to be planning to restart its stablecoin business in the second half of this year.
- Meta said it sent out a request for proposals (RFP) to select a third-party firm to support management of stablecoin-based payments.
- This time, Meta is said to be considering introducing stablecoins indirectly through third-party payment providers rather than issuing them directly, as a way to reduce regulatory risk.
Forecast Trend Report by Period
Meta is reportedly planning to restart its stablecoin business in the second half of this year.
On the 24th (local time), crypto-focused outlet CoinDesk, citing three sources, reported that Meta sent out a request for proposals (RFP) to select a third-party firm to support management of stablecoin-based payments.
According to the sources, Stripe is being cited as the leading candidate to serve as Meta’s stablecoin pilot partner.
Meta pursued its own stablecoin Libra (later renamed Diem) in 2019, but officially shut down the project in early 2022 after facing strong opposition from the U.S. Congress.
This time, Meta is said to be considering introducing stablecoins indirectly through third-party payment providers rather than issuing them directly. This is interpreted as a strategy to reduce regulatory risk.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
