Libra — ‘If we don’t do this, they will.’

Photo: Reuters

Libra, A Currency and a Payment System

Libra is a stable coin pegged to a basket of fiat currencies including USD, Japanese Yen, and Euro. USD will most like be a substantial amount of the reserve, 58%. The users use fiat currency to buy Libra and such fiat currency will be converted proportionately into different fiat in the basket and be held at thrid party custody institutions. The…

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Natalie

Natalie

Natalie writes about top blockchain VC investment trends since 2019.