According to Cointelegraph, on May 9, U.S. Senator Elizabeth Warren sent a letter to Meta CEO Mark Zuckerberg requesting details on the company’s stablecoin integration plans. Warren, citing Meta’s previous failed attempt to launch the Libra stablecoin, expressed concern about the lack of transparency. She requested that Zuckerberg provide information by May 20 on pilot launch dates, third-party stablecoins involved, and privacy protections. Meta has already rolled out USDC stablecoin payments to creators in the Philippines and Colombia in April.
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