The journalist of The New York Times and the author of the book “Digital Gold: Bitcoin and the Inside Story of the Misfits” Nathaniel Popper reported that Facebook intends to raise about $ 1 billion from venture capital investors to secure its stablecoin.
Sources tell me that Facebook is now looking to get VC firms to invest in the Facebook cryptocurrency project we reported on earlier this year. I hear they are targeting big sums -- as much as $1b. Given that one of the big allures of blockchain projects is the decentralization, getting outside investors could help Facebook present the project as more decentralized and less controlled by Facebook. One person I spoke with said that Facebook is talking about using the money as collateral for its cryptocurrency. Facebook has been designing the coin to keep a stable value, pegged to a basket of foreign currencies held in bank accounts.
Nataniel Popper @Twitter
Journalist, New York Times
There's no official information from Facebook regarding this issue.