Sources say Meta plans to re-enter the stablecoin market in the second half of this year.

PANews reported on February 24th, citing CoinDesk, that Mark Zuckerberg's tech giant Meta plans to re-enter the stablecoin market in the second half of this year, integrating third-party vendors to support stablecoin payments and launching a new wallet. Sources say Meta has already extended product request invitations to third-party companies, with long-term partner Stripe being a potential candidate for the pilot program. Stripe acquired stablecoin specialist Bridge last year, and its CEO, Patrick Collison, will join Meta's board in April 2025. Meta, Stripe, and Bridge did not respond to requests for comment.

Meta first attempted to launch the Libra stablecoin (later renamed Diem) in 2019, but failed due to regulatory hurdles and the Cambridge Analytica scandal. The project was shut down and assets were sold in early 2022.