Meta Platforms (NASDAQ: META) is reportedly preparing to re-enter the stablecoin market in the second half of the year.
Sources familiar with the matter claim the company has circulated a request for product (RFP) to third-party firms to help administer stablecoin-based payments, according to a report published by CoinDesk on February 24.
The renewed interest in stablecoins follows a failed attempt to launch one with Libra in 2019, which faced significant regulatory resistance amid political scrutiny. Conversely, today’s regulatory environment is more accommodating to domestic issuers, which has sparked a lot of optimism in the community.
finbold.com