Report: Facebook Stablecoin Funded by a Dozen Companies including Visa and Uber

[ChainDD report] June 14 (ChainDD) Facebook has made deals with a dozen of companies including Visa, MasterCard, PayPal and Uber for funding the cryptocurrency it plans to release next week, people familiar with the matter revealed to The Wall Street Journal.

According to the sources, Facebook’s partners include financial firms and e-commerce company.Each partner will invest about $10 million and manage the cryptocurrency. The investment will be used to create the coin tied with a basket of fiat currencies. Since Facebook is still talking with some of partners, so the final investor list could change. Even some of partners have no idea of how the stablecoin will work and what their role will be. Some of companies worried about potential risks of money laundering and financial…

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