Bloomberg: The Facebook blockchain team is expanding its staff, and encryption products may be released as early as the next quarter.

On May 8th, according to people familiar with the matter, although the internal work of the Facebook blockchain team is still in a confidential state, it is currently expanding its staff and has hired several former PayPal employees to participate in the project. People familiar with the matter said their products may be released as early as the next quarter. According to previous reports, the product may be a stable currency.