Meta plans to relaunch its stablecoin project in the second half of this year

AIcoin2026/02/24 14:54

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According to reports, Meta plans to relaunch its stablecoin project in the second half of this year and has already issued a Request for Proposal (RFP) to third-party companies to assist in managing stablecoin-based payment services and developing new wallets. Stripe has been mentioned as a potential pilot partner, as the company acquired the stablecoin firm Bridge last year. Meta previously attempted to launch the Libra stablecoin (later renamed Diem) in 2019, but was forced to terminate the project due to regulatory scrutiny.

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According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.

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