Meta considers stablecoin payouts with $230 billion market on rise

Meta, the parent company of Facebook, is reportedly exploring the integration of stablecoin payments into its platforms after a three-year pause from cryptocurrency involvement.

According to sources cited by Fortune, Meta has engaged in discussions with various crypto infrastructure firms but has yet to finalise a strategy.

One insider suggested the company might adopt a multi-token approach, potentially supporting stablecoins such as Tether’s USDT (CRYPTO:USDT) and Circle’s USDC (CRYPTO:USDC).

This move aligns Meta with other major tech and payment firms increasingly interested in stablecoins, whose market capitalisation recently surpassed $230 billion.

Stablecoins have attracted growing institutional investment and are viewed as a strategic asset in U.S. financial policy.

In early May, Visa announced an investment in stablecoin startup BVNK, with Visa’s head of products and partnerships, Rubail Birwadker, noting the expanding market share of stablecoins in payments.

Similarly, Stripe launched stablecoin-based accounts for customers in over 100 countries, enabling users to hold, transfer, and convert stablecoins to fiat currency.

Additionally, World Liberty Financial (CRYPTO:WLFI), a crypto firm backed by former President Donald Trump, introduced USD1, a U.S. dollar-pegged stablecoin, which had become the seventh-largest stablecoin by market capitalisation as of May.

The Trump administration has emphasised stablecoins as central to extending U.S. dollar dominance by leveraging demand for government securities.

However, regulatory progress faced a setback when Democratic senators blocked the GENIUS Stablecoin bill on May 8, delaying comprehensive stablecoin legislation.

“The Senate missed an opportunity to provide leadership today by failing to advance the GENIUS Act. This bill represents a once-in-a-generation opportunity to expand dollar dominance,” stated Treasury Secretary Scott Bessent, commenting on the Senate’s decision via social media.