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#Crypto_News 🔥🔥🔥
Sources: Meta Plans to Re-enter Stablecoin Market in Second Half of This Year
On February 25th, sources revealed that Mark Zuckerberg's tech giant Meta plans to re-enter the stablecoin market in the second half of this year. It is planning to integrate third-party providers to support stablecoin payments and launch a new wallet. Sources stated that Meta has issued product request invitations to third-party companies, with long-term partner Stripe being a potential candidate for the pilot program. Stripe acquired stablecoin specialist Bridge last year, and its CEO, Patrick Collison, will join Meta's board of directors in April 2025.⭐️⭐️⭐️
Meta first attempted to launch the Libra stablecoin (later renamed Diem) in 2019, but failed due to regulatory hurdles and the Cambridge Analytica scandal. The project was shut down and assets were sold in early 2022.🔔🔔🔔