Facebook has registered a firm in Switzerland for the likely development of a stablecoin Facebook has registered a new fintech company in Switzerland focused on work in areas such as blockchain, payments, data analysis and investing, which may serve as further confirmation of its plans to launch its own stablecoin. Writes about this Reuters with reference to the register of commercial enterprises in Geneva.

Facebook registered firm in Switzerland for likely development of stablecoin

Facebook has registered a new fintech company in Switzerland focused on work in areas such as blockchain, payments, data analysis and investing, which may serve as further confirmation of its plans to launch its own stablecoin. Writes about this Reuters with reference to the register of commercial enterprises in Geneva.

The division is called Libra Networks and is owned by Facebook Global Holdings. Its registration was carried out on May 2 in order to provide financial and technological services, as well as the development of related hardware and software solutions..

The Facebook stablecoin is expected to share its name with a newly registered company: Libra. Last week, US senators prepared an open letter to Facebook asking the company to share information about the Libra project..

Bloomberg also recently reported that the official announcement of Libra may take place in the third quarter..

According to WSJ, Facebook stablecoin will form the basis of a full-fledged payment network with support for a variety of services..

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