Facebook is developing a fiat-backed stablecoin payment system30

While details have remained scarce, Facebook’s plans to create its own cryptocurrency have not exactly been secret. But with its latest announcement, Facebook looks to be developing its own stablecoin-backed payment system, The Wall Street Journal reports. In what it’s calling Project Libra, Facebook is developing a stablecoin backed by government – AKA fiat – currency. It has not disclosed what c...

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