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.
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