Facebook's David Marcus says Libra could use 'a series of stablecoins' pegged to currencies like the dollar, the euro and sterling.
Facebook's David Marcus says Libra could use "a series of stablecoins" pegged to currencies like the dollar, the euro and sterling.
Libra has also been met with fierce regulatory pushback, with global authorities worried it could heavily disrupt the financial system. The tech giant had initially proposed one synthetic unit of value that would be tied to a basket of currencies and government debt. But, David Marcus, the executive leading Facebook's blockchain initiative, told a banking seminar that he was open to looking at alternative approaches.
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