Meta official: "No plans to issue our own stablecoin"

JH Kim

Summary

Meta has stated officially that it will not issue its own stablecoin.
Meta said its goal is to enable individuals and businesses to make payments on its platforms in the way they prefer.
Meta said it is placing greater emphasis on expanding payment options through collaboration with external partners rather than being the direct issuer.

Meta has stated officially that it will not issue its own stablecoin.

Andy Stone, Meta's communications director, said on the 24th (local time) via an official post on X (formerly Twitter) that "there is no Meta stablecoin," adding that "the goal is to enable individuals and businesses to make payments on our platforms in the way they prefer."

Previously, CoinDesk reported that Meta plans to restart its stablecoin business in the second half of this year, and could issue a stablecoin through a third-party payments provider.

The remarks suggest Meta is placing greater emphasis on expanding payment options through collaboration with external partners rather than serving as the direct issuer.