Facebook is looking for VCs to pour $1 billion into its new stablecoin, says Nathaniel Popper12

According to a tweet from The New York Times journalist Nathaniel Popper, sources said Facebook is now looking for VC firms to fund its stablecoin project, "targeting as much as $1 billion."

Popper suggests that getting outside stakeholders to back the coin would allow the project to be viewed as "more decentralized and less controlled by Facebook."

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