Facebook stablecoin digital currency pegged to the U.S. dollar to minimize volatility. At the it’s still working on the strategy, including a plan for custody assets, or regular currencies that would be held to protect the value of the stablecoin.
Facebook is exploring ways to leverage the power of blockchain technology. Facebook, which has 2.5 billion global users, more than $40 billion in revenue.
Facebook may have a better chance of making a stablecoin. It would be the first large technology company to launch such a project.