Meta Eyes Stablecoin Comeback Amid Surging Institutional Interest

Meta, the parent company of Facebook and Instagram, is reportedly re-entering the crypto space with a renewed focus on stablecoins, according to sources cited by Fortune . After shelving its controversial Diem project three years ago, the tech giant is now holding discreet consultations with leading crypto infrastructure providers. While no firm roadmap has been set, the discussions suggest Meta is weighing a multi-token approach—potentially integrating leading stablecoins like Tether’s USDT and Circle’s USDC into its social platforms. This renewed interest mirrors a broader wave of adoption sweeping across the fintech sector. Stablecoins, pegged to the value of fiat currencies, are increasingly being viewed as a bridge between traditional finance and blockchain technology. Meta Joins Firms Adopting Stablecoin Meta is not alone in its pivot toward tokenized dollars. Just this week, payment heavyweight Visa disclosed its investment in stablecoin startup BVNK. While the financial details remain under wraps, Visa’s head of product Rubail Birwadker emphasized that stablecoins are rapidly becoming a dominant force in global payments. Meanwhile, Stripe announced the launch of stablecoin-based accounts for users in over 100 countries, enabling users to send, store, and convert tokenized dollars with ease. Even politically charged players are entering the fray. World Liberty Financial (WLFI), a crypto firm backed by former President Donald Trump, unveiled USD1—its own dollar-backed stablecoin—back in March. By May, USD1 had risen to the seventh-largest stablecoin by market cap. Regulatory Headwinds Temper Momentum Despite the bullish momentum, regulatory uncertainty remains a sticking point. Democratic senators also blocked the GENIUS Stablecoin Act —a bill viewed as central to the Trump administration’s digital dollar strategy—on May 8, delaying what many hoped would be a clear regulatory framework. “The Senate missed an opportunity to provide leadership today,” wrote U.S. Treasury Secretary Scott Bessent in a X post that same day. While Meta’s plans remain fluid, its potential return to crypto signals just how central stablecoins have become in the ongoing evolution of digital finance. The post Meta Eyes Stablecoin Comeback Amid Surging Institutional Interest appeared first on TheCoinrise.com .

Source: The Coin Rise