Mark Zuckerberg’s Meta may be ready to take another run at digital payments via a stablecoin integration, according to a new report.
Meta is “aiming to enter the stablecoin space later this year” and has contacted third-party firms that could help facilitate stablecoin-based payments, CoinDesk reported, citing anonymous sources.
The move would represent a renewed interest in digital payments and stablecoins. Meta, with its social media and messaging platforms Facebook, Instagram, and WhatsApp, has billions of users worldwide and had its own stablecoin division, at one point, called Libra. The division was later rebranded as Diem in 2020 before eventually being scuttled amid heightened regulatory scrutiny for crypto-based projects.
“Meta is planning to integrate a vendor to help administer stablecoin-backed payments and implement a new wallet,” the report said, citing an anonymous source. The company also sent out requests for products, or RFPs, to third-party providers while mentioning Stripe, another source said.
Last May, Fortune reported that Meta was considering a stablecoin integration to reduce the costs of payments, such as when paying Instagram creators.
Meta did not immediately respond to a request for comment.
Metaverse cuts
While Meta’s push into the metaverse wasn’t blockchain-based, it was widely perceived as part of the broader web3 wave that promised immersive, virtual worlds where users could trade digital assets.
Late last year, Meta was said to be considering scaling back its metaverse ambitions significantly, with potential cuts of up to 30% at Reality Labs. The division — which houses the company’s virtual-reality headsets and long-term immersive-technology initiatives — has accumulated more than $70 billion in losses since 2021.
Meta’s struggle to attract users to its virtual world Horizons mirrors challenges faced by blockchain-based metaverse projects. Tokens tied to once promising projects such as The Sandbox and Decentraland sank amid evaporating enthusiasm.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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