Libra → Diem → Next Generation Stablecoins, Meta's stablecoin journey has been almost seven years. Last night, CoinDesk reported that Meta plans to re-enter the stablecoin business with the goal of launching a new generation of stablecoins and related payment functions in the second half of 2026. The report points out that Meta's new stablecoin plan: 1) Meta has released a Request for Proposal (RFP) to the market, inviting third-party institutions to participate in the planning and operation of the stablecoin payment system, indicating that Meta is preparing a new stablecoin product. 2) This plan may include a brand new digital wallet for users to store and use stablecoins, integrated into Meta's core product ecosystem (Facebook, Instagram, WhatsApp). 3) Meta is expected to establish a cooperative relationship with existing payment infrastructure companies such as Stripe, and undertake payment and stablecoin management through external compliance parties, rather than completely developing and issuing internally. This shows that Meta has fundamentally shifted its strategy from "issuing coins, building chains, and creating ecosystems on its own" to "leveraging infrastructure and doing front-end distribution and scene integration within a compliance framework". In 2019, Meta released a white paper on the Libra project, aiming to create a global stablecoin for cross-border payments and open financial services on social platforms. However, due to regulatory pressure and concerns about currency sovereignty, the project was repeatedly questioned and postponed, and ultimately restructured as Diem in 2022 and completely terminated. Of course, compared to a few years ago, the entire regulatory environment and stablecoin industry are very mature. Actually, Meta's decision to collaborate with a third party to promote stablecoins is quite wise. Having billions of users is equivalent to occupying traffic entry points and usage scenarios. Once stablecoin payments are successfully launched, they can quickly achieve scale and become popular on their own platform at a very fast pace. Social commerce and content payment, community economic incentives, P2P/micro payment scenarios are all scenarios that Meta stablecoins can enter and have significant advantages in. This article is sponsored by @ bitget_zh, titled 'Bitget Buying US Stocks: Instant Entry, Smooth Trading'