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.
Don't get too excited,it is not going to change anything in the decentralized market because people aware that centralization is completely against the cryptocurrencies.
And just like ripple(XRP) this Zuckerberg coin will not be a threat to bitcoin and other altcoins.maybe this will be popular at first since Facebook has been a very known in this industry but learning about the benefits of this coin will disappoint the investors and soon may full out their money then go back to bitcoin again.look at ripple whos been a banks currency (as what many says here)staying behind bitcoin and ethereum until now and seen no future growth to take the highest position in market capitalization