Facebook has finally circled a date for its "GlobalCoin" whitepaper launch, eying a June 18 release, TechCrunch reported Thursday.
A European Facebook executive reportedly let the date slip to a German reporter at the Money 2020 Conference. TechCrunch also received an embargo from the social media giant for the same date. The whitepaper should outline a wealth of new details on Facebook's stablecoin, which is not expected to launch until 2020, according to an earlier BBC report. One detail the executive has already confirmed is that, as preempted by The New York Times, the coin will be pegged to a basket of currencies rather than just the U.S. dollar. This means Facebook will have an equal number of tokens as it does various national currencies in bank accounts.