The platform is developing a stablecoin with ex-PayPal recruits - a type of digital currency pegged to the US dollar or a basket of currencies, making it less prone to swings in price.
Facebook’s blockchain unit now counts 50 employees with ex-PayPal recruits. This quasi-reunion, driven by the group’s leader, former PayPal president David Marcus, is at signal of Facebook’s wider ambitions to integrate payments into its platform.
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