title: Tech company Meta is reportedly exploring integrating stablecoin payments

Tech company Meta is reportedly exploring integrating stablecoin payments into its platforms after a three-year hiatus from cryptocurrencies

Tech company Meta is reportedly exploring integrating stablecoin payments into its platforms after a three-year hiatus from cryptocurrencies, Fortune reported on Monday, citing sources familiar with the matter.

Several payment processing companies announced investments into stablecoin companies or announced stablecoin integrations in May this year.

One source said the company may take a multi-token approach and integrate support for popular stablecoins such as Tether's USDt and Circle's USD Coin.

Meta held talks with several crypto infrastructure firms in consultation but has not yet chosen a decisive course of action, according to the report.

Another source said the company is still in the early stages of planning and there is no set timeline for the integration.

The report comes amid increasing interest in stablecoins from institutions and governments.

Several payment processing companies announced investments into stablecoin companies or announced stablecoin integrations in May this year.

On May 7, payments giant Visa announced that it invested in stablecoin startup BVNK. Although details of the deal remain scant, Visa's head of products and partnerships, Rubail Birwadker, said stablecoins were commanding an ever-greater market share of payments.

"We're also investing in BVNK, a leading Web3 treasury infrastructure provider, to enable institutions to seamlessly engage in the digital asset ecosystem," Birwadker added.

Stripe, a global payments platform, launched stablecoin-based accounts for customers in over 100 countries on May 7.

The accounts allow users to store stablecoin balances or transfer the tokens to other users and withdraw the stablecoin balances as fiat currency to traditional bank accounts.

"We're expanding our capabilities to enable more use cases and provide greater value to our existing customers," said Stripe President and co-founder John Colagiovanni.

"We're also venturing into new areas like stablecoin-based accounts to serve the emerging Web3 ecosystem."

World Liberty Financial (WLFI), a crypto firm backed by US President Donald Trump, launched USD1, a US dollar-pegged stablecoin, in March.

In May, USD1 was the seventh-largest stablecoin by market cap — highlighting the rapid growth of the tokenized fiat market.

The Trump administration has repeatedly stated that stablecoins are central to US policy and a way to extend US dollar hegemony by harnessing demand for US government Treasurys and other government securities.

However, comprehensive stablecoin regulations were stalled on May 8 after Democratic Senators blocked the GENIUS Stablecoin bill — dashing the hopes of senior officials in the Trump administration.

"The Senate missed an opportunity today to provide leadership by failing to advance the GENIUS Act. This bill represents a once-in-a-generation opportunity to expand dollar dominance, deter inflation, and create jobs," Treasury Secretary Scott Bessent wrote in a May 8 X post.