Meta Platforms in Talks with Crypto Firms to Deploy Stablecoins, Hires VP of Product Three Years After Libra

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Published May 8, 2025, 07:29 PM

Meta Platforms Inc. is reportedly in discussions to deploy stablecoins, marking a return to the cryptocurrency space three years after abandoning its landmark Libra project due to regulatory pressures. According to Fortune, Meta is engaging with crypto firms to introduce stablecoins primarily as a means to manage payouts. The company has also hired a vice president of product with experience in cryptocurrency, signaling a renewed strategic focus on digital assets. This move follows the regulatory challenges that forced Meta to halt its initial cryptocurrency initiative, Libra, which was intended to create a global digital currency. The talks to deploy stablecoins indicate Meta's continued interest in integrating blockchain-based financial solutions within its ecosystem.

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Sources

fortune.com(6)techmeme.com

gum

@0xGumshoe

Holy shit Meta is going to launch stablecoins News like this would have sent Bitcoin up 300% years ago https://t.co/cDBHl0jRze

BecauseBitcoin.com

@BecauseBitcoin

[FORTUNE] Meta in talks to deploy stablecoins three years after giving up on landmark crypto project $META

Techmeme

@Techmeme

Sources: Meta is in discussions with crypto firms to introduce stablecoins as a means to manage payouts, and has hired a VP of product with crypto experience (Fortune) https://t.co/nDrlHFy5qA https://t.co/juh7rQoyup https://t.co/ZOzeer2dpR