Meta Reportedly Exploring Stablecoin Partnership to Enable Crypto Payouts
Meta is reportedly in talks with cryptocurrency firms to integrate stablecoins into its platforms, aiming to support crypto-based payouts, according to a report from Fortune citing anonymous sources. Meta declined to comment on the discussions.
The tech giant—owner of Facebook, Instagram, and WhatsApp—is also investing heavily in building the metaverse, a shared virtual reality space. However, it’s still recovering from its failed attempt to launch a global digital currency, the Libra (later rebranded as Diem), which was shut down in 2019 amid intense regulatory backlash.
Since then, the stablecoin market, particularly dollar-pegged assets like Tether’s USDT, has experienced explosive growth. USDT alone boasts a market cap of around $150 billion and generated $13 billion in profit for Tether last year.
This surge has drawn in major players from both tech and Wall Street, with companies like PayPal and Bank of America either developing or deploying their own USD-backed stablecoins. Momentum has been further fueled by Donald Trump’s recent pro-crypto stance, including his push for legislation that would formally integrate stablecoins into the traditional financial system.
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