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Senator Elizabeth Warren has sent a letter to Meta CEO Mark Zuckerberg demanding answers about the company's reported plan to integrate a third-party stablecoin across its platforms by the second half of 2026. Warren, the Ranking Member of the Senate Banking Committee, cited risks to financial stability, consumer privacy, and payment system integrity at a network scale of 3.5 billion users.
The Senator drew direct parallels to Meta's 2019 Libra project, which collapsed under bipartisan opposition. She warned that a successful stablecoin integration could allow Meta to harvest transaction data for its advertising business and effectively operate as a 'private central bank' — with taxpayers potentially on the hook in the event of a run.
Warren flagged that while Meta told Congress in June 2025 it had no plans to issue its own stablecoin, the company allegedly failed to disclose…
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