The biggest player in stablecoins is here

Meta, the parent company of Facebook with a market value of 1.6 trillion USD, $META plans to re-enter the stablecoin market in the second half of 2026.
This is not its first attempt.
As early as 2019, Meta (then known as Facebook) led the launch of Libra, a stablecoin backed by a basket of global currencies, aiming to build a cross-border payment network.
The project was later renamed Diem, but was ultimately halted due to regulatory pressure in the United States.
The core technical team behind Libra and Diem has not disappeared.
Avery Ching, the original head of Libra blockchain technology, founded Aptos $APT .
Another core member, Evan Cheng, founded Sui $SUI .
Both of these public chains are based on the Move language, which was originally developed as the core smart contract language for Libra.