Meta spokesperson says company is not issuing its own stablecoin

Meta spokesperson Andy Stone stated that the company is not creating its own stablecoin. He clarified that the goal is to enable individuals and businesses to make payments on its platforms using their preferred methods. This follows a previous CoinDesk report that Meta planned to relaunch its stablecoin business in the second half of this year, issuing a stablecoin through a third-party payment provider.