While details have remained scarce, Facebook’s plans to create its own cryptocurrency have not exactly been secret. But with its latest announcement, Facebook looks to be developing its own stablecoin-backed payment system, The Wall Street Journal reports. In what it’s calling Project Libra, Facebook is developing a stablecoin backed by government – AKA fiat – currency. It has not disclosed what currency, though. A source close to the matter confirmed to The Block that Facebook is actively looking for financial firms to assist in making Project Libra a reality. Facebook is also in conversations with payment networks Visa and Mastercard to…

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