Cryptocurrency
Libra confirms shift to multi-currency model, points to support for central bank digital currencies
As reported by The Block, “Facebook’s David Marcus confirmed Thursday that the Libra stablecoin project will see a host of single-currency stablecoins developed alongside a multi-currency one. “‘We are therefore augmenting the Libra network by including singlecurrency stablecoins in addition to ≋LBR, initially starting with some of the currencies in the proposed ≋LBR basket (e.g., […]
As reported by The Block, “Facebook’s David Marcus confirmed Thursday that the Libra stablecoin project will see a host of single-currency stablecoins developed alongside a multi-currency one.
“‘We are therefore augmenting the Libra network by including singlecurrency stablecoins in addition to ≋LBR, initially starting with some of the currencies in the proposed ≋LBR basket (e.g., LibraUSD or ≋USD, LibraEUR or ≋EUR, LibraGBP or ≋GBP, LibraSGD or ≋SGD),’ the paper states…”