sandmark.com
Meta Platforms has pushed back against renewed claims that it is preparing a stablecoin comeback, seeking to draw a clear line between its past crypto ambitions and its current payments strategy.
On Feb. 24, Meta communications director Andy Stone said the company is not launching a stablecoin, rejecting speculation that it was reviving plans to issue a digital token across Facebook, Instagram and WhatsApp.
"Nothing has changed; there is still no Meta stablecoin,” Stone wrote on X. "This is about enabling people and businesses to make payments on our platforms using their preferred method."
Big Tech stablecoins
Since 2025, reports have suggested that Meta has been working on integrating stablecoins to manage payouts, with Stripe now cited as a potential third-party partner to support payments across its apps.
In response to questions from Sandmark, both Meta and Stripe referred to Stone’s public posts and declined to provide further comment.
Stripe has expanded its blockchain capabilities in recent years, focusing on infrastructure for businesses and protocols rather than consumer-facing products.
The company completed a $1.1bn acquisition of stablecoin infrastructure provider Bridge in February 2025 to strengthen its settlement capabilities and is developing Tempo, a payments-focused blockchain for stablecoin settlement and payments, in collaboration with venture capital firm Paradigm
Meta’s payments recalibration also comes as competitors move more aggressively into financial services. X Corp., owned by Elon Musk, has disclosed plans to integrate payments more deeply into its platform as part of its push to become an "everything app," securing money transmitter licenses across multiple US states.
Payments footprint
Meta already operates a vast payments network across its various platforms.
Instagram supports in-app checkout in several markets, WhatsApp enables peer-to-peer and merchant payments in select countries and creator monetization tools distribute earnings globally.
According to Stone, Meta supports more than 50 currencies in over 100 countries, along with digital wallets, instant account-to-account transfers, debit and credit cards, and local payment systems such as PIX in Brazil and UPI in India.
Meta’s previous effort to introduce its own digital currency, first branded Libra and later renamed Diem, was dismantled in 2022 after facing intense political and regulatory opposition. Lawmakers warned at the time that a private technology company should not assume a monetary role on a global scale.