Meta Is Planning A Revival Of Its Stablecoin Efforts, Stripe Could Be A Likely Candidate For The Pilot: Report
Synopsis
The report stated that Meta is planning to integrate the technology with a vendor to implement the payments system and a new wallet.
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.<
Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.