October 21 - 09:10
53D
Libra could use stablecoins pegged to currencies
Facebook has hinted at a major Libra u-turn. Project head David Marcus told a banking seminar that it could use cryptocurrencies pegged to national currencies, rather than create its own coin. Scrutiny has intensified on Libra over recent months, with partners such as Visa and Mastercard withdrawing their involvement. Facebook says its intention is to create "a more efficient payments system".
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