Odaily Planet Daily reports that three informed sources reveal that the American tech giant Meta, led by Mark Zuckerberg, plans to enter the stablecoin space later this year, contingent upon successful integration with third-party companies to facilitate payments using dollar-pegged tokens. The tech giant, which owns social media platforms like Facebook, WhatsApp, and Instagram with over 3 billion users, plans to begin integrating stablecoins in early the second half of this year. One source, requesting anonymity due to the sensitive nature of the plans, disclosed this information. The source also stated that Meta intends to integrate a vendor to help manage stablecoin-supported payments and launch a new wallet. It is reported that Meta has issued a Request for Proposal (RFP) to third-party companies, mentioning Stripe as a potential candidate for Meta’s stablecoin pilot project. (CoinDesk)
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Zuckerberg's Meta plans to return to the stablecoin market in the second half of this year
Odaily Planet Daily reports that three informed sources reveal that the American tech giant Meta, led by Mark Zuckerberg, plans to enter the stablecoin space later this year, contingent upon successful integration with third-party companies to facilitate payments using dollar-pegged tokens. The tech giant, which owns social media platforms like Facebook, WhatsApp, and Instagram with over 3 billion users, plans to begin integrating stablecoins in early the second half of this year. One source, requesting anonymity due to the sensitive nature of the plans, disclosed this information. The source also stated that Meta intends to integrate a vendor to help manage stablecoin-supported payments and launch a new wallet. It is reported that Meta has issued a Request for Proposal (RFP) to third-party companies, mentioning Stripe as a potential candidate for Meta’s stablecoin pilot project. (CoinDesk)