As per recent article on Bloomberg , facebook is developing a cryptocurrency that will allow users to transfer money through their whatsapp messaging app and they are first focusing on market in India. They are developing a stable coin-a type of digital currency pegged to the U.S. dollar as bitcoin have high volatile nature.
This is a good thing that big names are moving into crypto world now.
For detailed study go though this
articleStable coins are good if market is falling and there is an option how to protect your funds in high volatile cryptocurrencies.
But as soon as bull market comes, people will start selling these stable coins and they will again buy true cryptocurrencies.