Meta’s New Coin: Another Get-Rich-Quick Scheme?

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Key Highlights, or as the wise old sage would say, “Here’s the scoop!”

  • Meta, that paragon of innovation, is about to launch a dollar-pegged token, with the help of a third-party firm-because nothing says “trustworthy” like a stranger’s word.
  • They’ve sent out RFPs like a man shouting into the void, hoping someone will answer.

Meta, that titan of technology, is set to waltz into the stablecoin market in 2026, because why not? The company, which already has more users than a circus has clowns, is eager to monetize its empire with a digital coin. A coin so stable, it could probably balance a spoon on its nose.

According to sources, Meta plans to use a third-party firm to handle payments, because nothing says “we’re serious” like outsourcing your financial future to someone else. The initiative aims to use Meta’s vast user base while avoiding the “costs and friction” of traditional banking-though one wonders if “friction” refers to the hassle of actually making money.

Early Steps and Vendor Selection

Meta is targeting 2026 for its stablecoin rollout, which is about as timely as a clockwork bird that forgot its wings. The company has issued RFPs, and Stripe, that long-time partner, is a likely candidate. Stripe, who recently bought a stablecoin firm, has their CEO on Meta’s board-because nothing says “cooperation” like a board member.

But so far, the involved parties are as quiet as a church mouse, which is surprising, given how loud they’ve been about everything else.

Previous Stablecoin Attempt

Oh, but this isn’t Meta’s first rodeo. In 2019, they tried the Libra project-Diem, if you please. A noble attempt, but like a ship without a compass, it sank under the weight of regulations and bad press. Now, they’re back, because nothing says “we’ve learned our lesson” like trying again.

In 2025, they talked about using stablecoins on Instagram, sending creators $100 without fees. A lovely idea, but as likely to materialize as a pig flying.

Growing Regulatory Environment

Regulators, ever the fickle friends, have made things clearer with the GENIUS Act, but they’re still tweaking the rules like a man adjusting his hat in the rain. Meta, ever the cautious giant, is relying on a partner to navigate compliance-because nothing says “we’re responsible” like letting someone else do the heavy lifting.

What It Means

Launching a stablecoin could allow Meta to open payment highways for its billions, bypassing banks like a child avoiding bedtime. And let’s not forget the competition-X and Telegram are all in on the payment game, so Meta better bring their A-game. Or, as the saying goes, “The bigger they are, the harder they fall-unless they’re backed by a stablecoin.”

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2026-02-24 19:51