Meta Hopes to Launch Stablecoin Payments Project This Year

Meta is hoping to enter the stablecoin payment space sometime this year, CoinDesk reported Tuesday (Feb. 24), citing unnamed sources.

The move would happen if the Facebook owner is successful in integrating with a third-party company to facilitate stablecoin payments, the report said.

Meta wants to begin its stablecoin integration early in the second half of this year and is planning to work with a vendor to help administer stablecoin-backed payments and launch a new wallet, according to the report.

Stripe is likely to be a contender for piloting Meta’s stablecoin, the report said. The company last year acquired stablecoin specialist Bridge and is a long-time partner of Meta, with CEO Patrick Collison sitting on Meta’s board.

The news followed reports from last year that Meta was in talks with cryptocurrency firms as it explored using stablecoins for cross-border payments. The company had in 2019 announced a stablecoin project named Libra—later re-christened Diem—but abandoned it in early 2022 amid opposition from regulators and lawmakers.

“Nothing has changed; there is still no Meta stablecoin,” Meta Vice President of Communications Andy Stone wrote in a post on social platform X in reply to the CoinDesk report. “This is about enabling people and businesses to make payments on our platforms using their preferred method.”

Nothing has changed; there is still no Meta stablecoin. This is about enabling people and businesses to make payments on our platforms using their preferred method. https://t.co/h2fNKofAmr pic.twitter.com/O8CFDsc2wy

— Andy Stone (@andymstone) February 24, 2026

A spokesperson for Stripe declined to comment when reached by PYMNTS but directed a reporter to Stone’s post.

Stablecoins, pegged to fiat currency like the dollar, are “increasingly being positioned as the best-fit crypto payment mechanism,” PYMNTS reported Feb. 16.

“Rather than replacing cards, stablecoins are being absorbed into card infrastructure as a new settlement and funding source, allowing merchants to accept digital assets without ever holding them, as card networks and their partners do the heavy lifting in the background,” the report said.

Monthly payment flows from such cards have surpassed $1.5 billion, highlighting consumer usage. Overall, crypto-linked card spending has reached around $18 billion on an annualized basis, which suggests a potential migration from more speculative use cases to pure-play retail payments.

“And while those numbers represent a modest amount when compared to global card spend, the mechanics of the emerging crypto-linked card marketplace show that incumbent networks are going on offense, not playing defense,” the report said.