Facebook in Search of $1B for Launch of Stablecoin According to Sources
Cryptovest
Published Apr 09, 2019 10:26AM ET
Updated Apr 09, 2019 11:42AM ET
Facebook in Search of $1B for Launch of Stablecoin According to Sources
Facebook (NASDAQ:FB) may be in search for additional backers for its digital asset project, suggested Nathaniel Popper, technology reporter at New York Times, through his Twitter.
https://twitter.com/nathanielpopper/status/1115331482384388098
The otherwise cash-rich Facebook is said to be in search of up to $1 billion to back its stablecoin and develop the project. For now, the social media giant has been conservative when it comes to crypto assets, going as far as to ban cryptocurrency ads at one point . But last fall, Facebook suggested it is working on a stablecoin, choosing to add a digital asset...
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