Facebook’s ‘stablecoin’ punt raises questions for regulators

A profound paradox has enveloped global commerce. On the one hand, it has become absurdly easy and cheap for consumers to push data around the world at lightning speed. But on the other, it has remained oddly expensive — and slow — for those same consumers to move money across the globe. Might this change? Facebook officials hope so: next week they will unveil a white paper outlining ambitious plans to create a new global cryptocurrency system with partners.

Read More: Financial Times