Tag Archives: libra stablecoin

Place/Date: - November 29th, 2019 at 10:09 am UTC · 5 min read Contact: eToro, Source: eToro Photo: eToroIf Facebook’s Libra project is to succeed it should use stablecoins issued by regulated third parties rather than create its own cryptoassets – that’s the conclusion of a new position paper published by eToro.Libra has come under fire from politicians and regulators in the US, UK and Europe, who are worried by parent company Facebook’s scale and power, as well as its previous track...

Social media giant Facebook has for the first time indicated the full list of the basket of currencies which will support the proposed stablecoin Libra. While is known publicly that the US Dollar accounts for about 50% of the basket of currencies that will back the cryptocurrency, not much was known about the rest.According to the Der Spiegel report , in response to a request from Fabio De Masi who is the finance spokesperson of the Left Party of the German Parliament (the Bundestag), a...