Elizabeth Warren Requesting Details on Meta’s Stablecoin Plans from Mark Zuckerberg

(SeaPRwire) –   Meta launched a stablecoin pilot on Facebook last week, marking years of prior delays and false starts. Within days, Sen. Elizabeth Warren (D-Mass.) addressed a letter to Meta CEO Mark Zuckerberg, criticizing the company’s “lack of transparency” regarding its stablecoin plans as “troubling” and requesting detailed responses to a series of questions, according to a copy obtained by .

In her letter, the ranking member of the Senate Banking Committee emphasized that Meta’s extensive global user base means any stablecoin activity on its platform could have “serious implications for competition, privacy, the integrity of our payments system, and financial stability.”

Warren stressed that Congress needs to understand the scope of Meta’s stablecoin initiatives—a type of cryptocurrency pegged to the U.S. dollar—especially as lawmakers work to pass legislation governing the structure of the crypto market.

Some of the concerns raised in Warren’s letter were partially addressed last week when Meta updated its website to reveal that it had quietly launched stablecoin payments for select creators in Colombia and the Philippines.

The program uses Circle’s USDC stablecoin and requires users to link third-party wallet addresses to their Facebook accounts, indicating that current crypto integration within Meta remains limited.

“We have repeatedly told Sen. Warren there is no Meta-branded stablecoin,” said a Meta spokesperson to . “We want people and businesses to be able to pay how they choose on our platforms, which may include through third-party stablecoins. Additional details are available in our Help Center.”

Meta has faced significant scrutiny from lawmakers over its past crypto ambitions. In 2019, the company (then known as Facebook) announced plans to launch a stablecoin called Libra, later renaming it Diem after widespread opposition.

CEO Mark Zuckerberg testified before the House Financial Services Committee that year to defend the initiative. At the time, he was already at odds with Warren, who advocated breaking up large technology firms. By 2022, Meta ended the project due to persistent regulatory pressure.

Warren has long been one of Congress’ most outspoken critics of crypto—particularly concerning Meta. Last year, she co-wrote a letter with Sen. Richard Blumenthal (D-Conn.) expressing concern about Meta’s stablecoin plans, including the possibility of reviving efforts to issue its own stablecoin.

In their 2025 letter, the senators highlighted USDC—now integrated into Meta’s services—as potentially risky, noting that it briefly lost its dollar peg and traded as low as $0.88 during the 2023 collapse of Silicon Valley Bank. Warren and Blumenthal also collaborated with Sen. Adam Schiff (D-Calif.) last month on a letter questioning President Trump’s associate Bill Zanker about the TRUMP memecoin.

This letter comes amid progress on the CLARITY Act, which would establish a regulatory framework for digital assets, by Warren’s Senate committee. Senate Banking Committee Chairman Tim Scott (R-S.C.) has indicated he hopes to hold a markup session on the bill this month.