Facebook can raise up to $ 1 …

Facebook could raise up to $ 1 billion in venture capital to secure its stablecoin

The New York Times journalist Nathaniel Popper, citing sources familiar with the situation, said on Monday that Facebook is looking for venture capitalists willing to fund his stablecoin worth up to $ 1 billion..

According to Popper, attracting outside investors will allow Facebook to position its project as “more decentralized and less controlled by the company itself,” that is, take advantage of “one of the main attractive features of the blockchain.”.

“One of those I spoke with said that Facebook is in talks to use this money as collateral for its cryptocurrency, tied to a basket of foreign currencies that will be in bank accounts,” he writes..

Facebook can raise up to $ 1 ...

Bloomberg wrote about the likely development of Facebook Coin in December last year. According to the publication, the tool will be used to make money transfers in the WhatsApp messenger belonging to the social network..

In February, The New York Times reported that the stablecoin would be integrated into Facebook Messenger, WhatsApp and Instagram. According to an anonymous source, Facebook has hired 50 developers to implement its plan and is already in talks with cryptocurrency exchanges regarding a potential listing..

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