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Rumors: Facebook Are Going To Raise $ 1 billion To Secure Its Digital Currency

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The journalist of The New York Times and the author of the book “Digital Gold: The Incredible History of Bitcoin” Nathaniel Popper reported that Facebook are going to raise about $ 1 billion from venture capital investors to secure its stablecoin. Attracting third-party investors will allow the community to demonstrate decentralization, he said.

“One of the richest companies attracts money. When did they apply for third-party investments last time? ”

Facebook stablecoin will presumably be tied to a basket of currencies that company will store on its own bank accounts, Popper added.

At the same time, Facebook, according to sources, can use the investments attracted from ventures as collateral for the coin.