Meta Eyes Stablecoin Revival Amid US Regulatory Shift

Meta's plans to reintroduce stablecoins have been met with anticipation and skepticism within the cryptocurrency community.

The move marks a significant shift from Meta's previous attempt to launch Libra, which faced intense scrutiny from regulators and ultimately led to its demise.

However, the regulatory climate has changed since then, with several new crypto-friendly regulations emerging in the US. This includes President Donald Trump's GENIUS Act, which provides a legal framework for stablecoin issuers.

Meta is reportedly looking to partner with a third-party vendor to administer stablecoin-backed payments and implement a new wallet system.