CNBC reported yesterday that the social network owned by Mark Zuckerberg will announce this month its plans to launch its own stablecoin, which Facebook's employees will be able to use to receive a part of their salary.
According to The Information, the cryptocurrency will be managed by third parties, not by Facebook, which will ensure its decentralization.
Apparently, organizations acting as nodes to confirm the token's transactions will have to pay the social network around $10 million to do so.
Facebook's stablecoin, which will be integrated as a payment tool in WhatsApp, Messenger and Instagram, will be accessible through physical ATM-like machines.
Facebook's crypto project has made several headlines since it became known. The latest news suggested the U.S. Commodity Futures Trading Commission (CFTC) was in talks with Facebook about its stablecoin.
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