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

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(MENAFN- AsiaNet News)

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.

For updates and corrections, email newsroom[at]stocktwits[dot]com.

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