Pegging Libra to just the $ could soothe regulators, a16z says
https://techcrunch.com/2019/10/11/libra-denominated-in-dollars/
What if Libra wasn’t backed by a basket of international currencies, but only the dollar?
Regulatory pushback to the Facebook-led cryptocurrency Libra has caused major partners including Visa, MasterCard, PayPal, and eBay to pull out of the Libra Association. But one of the remaining members has floated a major change to the stablecoin that could calm concerns that Libra could hurt the world economy by challenging national currencies for supremacy.
Pegging Libra to just the $ could soothe regulators, a16z says
Oct 12, 2019, 12:13am UTC
https://techcrunch.com/2019/10/11/libra-denominated-in-dollars/
> What if Libra wasn’t backed by a basket of international currencies, but only the dollar?
> Regulatory pushback to the Facebook-led cryptocurrency Libra has caused major partners including Visa, MasterCard, PayPal, and eBay to pull out of the Libra Association. But one of the remaining members has floated a major change to the stablecoin that could calm concerns that Libra could hurt the world economy by challenging national currencies for supremacy.