Meta's Stablecoin Comeback: This Time Through the Back Door

3 billion users. That's the massive audience Meta wants to bring into the stablecoin economy—but this time, they're not taking the front door.

Learning from Libra's $200 Million Lesson

Meta is planning to launch stablecoin-based payments in the second half of 2026, according to three sources familiar with the plans. But here's the twist: they're not issuing their own token. After Libra (later Diem) crashed and burned under regulatory pressure in 2019-2022, Mark Zuckerberg's company is taking a dramatically different approach.

"They want to do this, but at arm's length," one source told CoinDesk. Instead of direct issuance, Meta is outsourcing the heavy lifting to third-party stablecoin specialists while focusing on wallet integration across Facebook, Instagram, and WhatsApp.

Stripe: The $95 Billion Bridge Builder

Meta has already sent out requests for proposals (RFPs) to potential partners, with Stripe emerging as the frontrunner. It's not hard to see why: Stripe acquired stablecoin specialist Bridge last year, and Stripe CEO Patrick Collison joined Meta's board in April 2025. Coincidence? Unlikely.

If successful, this partnership could bypass traditional banking fees for cross-border payments while positioning Meta as a "super app" competitor to Elon Musk's X and Telegram—both racing to integrate payments into their platforms.

The Regulatory Climate Has Changed

The biggest difference between 2019 and today? Donald Trump's GENIUS Act has created the first legal framework for U.S. stablecoin issuers. Back then, Meta was still reeling from the Cambridge Analytica scandal, making regulators even more skeptical of the company's data handling practices.

Today's Meta operates in a friendlier regulatory environment, though specific stablecoin regulations are still being drafted. The company's cautious, third-party approach suggests they're not taking any chances this time.

The Super App Arms Race

This move puts Meta squarely in competition with other platforms trying to become financial "super apps." X is building payment rails, Telegram has been experimenting with crypto features, and traditional fintech companies are expanding into social commerce.

For Meta's 3+ billion users, this could mean seamless peer-to-peer payments through WhatsApp, direct checkout on Instagram shops, and cross-border remittances without traditional banking intermediaries.