Meta Is Planning A Revival Of Its Stablecoin Efforts, Stripe Could Be A Likely Candidate For The Pilot: Report

Meta Platforms Inc. (META) is reportedly planning a revival of its stablecoin efforts later this year, with Stripe Inc. being a potential candidate for the pilot.

According to a CoinDesk report citing people familiar with the matter, Meta has sent out a Request for Product (RFP) to third-party vendors to help facilitate payments in a token pegged to the U.S. dollar.

The report stated that Meta is planning to integrate the technology with a vendor to implement the payments system and a new wallet.

Meta shares were down more than 1% in Tuesday’s opening trade. Retail sentiment on Stocktwits around the company trended in the ‘bearish’ territory at the time of writing.

Get updates to this developing story directly on Stocktwits.

Also See: AMD Stock Soars Pre-Market After Meta Expands Multi-Year AI Chip Partnership

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