[b1daly]

That doesn’t require a blockchain based system though. A single entity can secure a crypto currency.

You can convert PayPal directly into US dollars at your bank, so I don’t think they would see any benefit to supporting such a distributed token system unless the could make a cut on every transaction.

I’m having a hard time seeing Facebook being able to support a stable coin without being subject to the same regulations and cost as any other system.

Perhaps they will get a competitive advantage through data mining and could charge smaller transaction fees.