Hydrogen, am I missing the source of that quote or what?  Where did it come from?

Anyway, I just learned more about stablecoins than I knew before, so this was an interesting article.  Since I'm not that familiar with them (but I understand the concept), I'm wondering why sending a Facebook coin would be more convenient than just using something like PayPal or a similar service.  I think even Indians working overseas can send funds back to India via PP friends & family for no charge.  The article doesn't exactly say that there's a problem that crypto in general is needed to solve, much less that an unproven, untested, not-yet-developed stablecoin is going to solve.  Are Indians finding it difficult to send money back home? 

I also understand the need for a currency to be stable in order for it to be viable, but I'm not seeing the general public crying out for an alternative to fiat--except in places like Venezuela, but the best solution there would be to use the Peso or USD as currency until the hyperinflation situation resolves.  There are still transaction fees with crypto, plus you have to go out of your way to acquire it...with cash, which, if you have it, means there isn't a problem in the first place.

Same here.  I don't use FB, WhatsApp, Twitter, Instagram, or any other social media service, specifically because of the privacy concerns.  And I agree that FB will find a way to exploit the users of its stablecoin if it ever gets off the ground.