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▲ Meta (META), Stablecoin/AI Generated Image
Meta's stablecoin integration plans have come under scrutiny from US politicians. Senator Elizabeth Warren sent a letter to Meta CEO Mark Zuckerberg, warning that the stablecoin adoption plan could have significant implications for financial stability, competition, privacy, and the integrity of payment systems.
Bitcoinist reported on the 9th that Senator Warren sent a new letter to Zuckerberg, raising concerns about Meta's stablecoin-related plans. Based on recent reports, Senator Warren pointed out that Meta is conducting “small-scale, focused” trials using third-party stablecoins and plans to begin platform integration in the second half of this year.
Senator Warren stated that it is essential for the US Congress to fully understand the potential impact of Meta's stablecoin integration plans during the review of the US cryptocurrency market structure bill. She argued that any attempt to control, influence, or favor specific stablecoins on Meta's platforms, even if issued by a third party, could severely affect competition, privacy, the soundness of payment systems, and financial stability.
Meta's past stablecoin attempts were also brought up again. Meta announced the Libra project in 2019 but abandoned the plan in 2022 after strong pressure from US regulators and politicians. Senator Warren emphasized that Meta has not only failed in its past attempts to issue global private currencies but has also struggled to safely provide existing products and services, stressing that new products related to payments and financial services should be treated with skepticism.
This inquiry is an extension of a letter sent by Senators Warren and Richard Blumenthal to Meta in June 2025. At that time, the two senators expressed concerns that if large tech companies issue or control private currencies, it could threaten competition across the economy, undermine financial privacy, and hand over control of the US money supply to monopolistic platforms.
Senator Warren had previously warned that the GENIUS Act, a stablecoin regulation bill, contained significant loopholes that could allow big tech companies like Meta to re-enter the market with minimal oversight. In her recent letter, she stated that Meta had responded that it does not have its own stablecoins and has no plans to issue them in the future, but considering new reports, detailed information on the integration plan is needed.
Senator Warren demanded that Meta submit a roadmap by May 20 outlining the nature of its stablecoin trials and the possibility of a launch in the second half of 2026. She also requested answers on whether Meta has selected or plans to select third-party stablecoins, plans to change its MetaPay wallet, how it has strengthened controls to prevent illicit finance, how it has established privacy safeguards before integration, and whether it still has no plans to issue its own stablecoins.
Meta's stablecoin concept is growing into a political issue, intertwined with Washington's discussions surrounding the cryptocurrency market structure bill and the GENIUS Act for stablecoin regulation. Bitcoinist reported that Senator Warren views Meta's potential re-entry into payment infrastructure as a financial stability and privacy issue, putting pressure on the company to disclose its detailed integration plans.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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