Meta returns to crypto

Circle reported $770 million in Q4 revenue and reserve income, up 77% year-over-year, as USDC in circulation reached $75.3 billion. The stablecoin issuer posted $133 million in net income for the quarter and issued guidance targeting 40% annual growth for USDC. Shares in CRCL are up more than 20% this morning following the earnings release. Read more →

Meta is reportedly preparing to test dollar-pegged payments across Facebook, Instagram, and WhatsApp (that's 3 billion users) in the second half of 2026. Unlike its failed 2019 Libra/Diem project, Meta will likely act as a distribution channel rather than issuer, with sources mentioning Stripe as a likely candidate for facilitating payments. Stripe, which acquired stablecoin specialist Bridge last year, is a long-time partner of Meta, and Stripe CEO Patrick Collison joined Meta's board of directors in April 2025. Read more →

Even if stablecoin yield gets nerfed, payments are the real story. In its annual shareholder letter, Stripe says stablecoin payments on its platform doubled to $400 billion in 2025, while Bridge (Stripe’s stablecoin platform, which just got conditional OCC trust-charter approval) saw volume quadruple – all happening while the broader crypto market has been weak. Read more →

One other interesting snippet from the letter… Stripe believes AI agents may soon handle most internet transactions, and that will require blockchains that can process millions to billions of transactions per second. Overall, the fact that one of the world’s biggest fintechs is dedicating a meaningful chunk of its annual letter to stablecoins tells you something important.

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