United States regulator the Commodity Futures Trading Commission (CFTC) is in talks with Facebook about its upcoming stablecoin launch, the Financial Times (FT) reported on June 2.
Citing chairman J. Christopher Giancarlo, the publication revealed that Facebook is attempting to smooth out the regulatory landscape ahead of the asset, currently dubbed GlobalCoin, allegedly going live next year.
They are doing this to make everything smooth, heading to their official launching, and we all know Facebook, they do not want to be questioned on anything that will hamper any of their baby projects, and my guess is they are going to make this one huge because there is already a market for this new project.