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Facebook-Led Libra Plans Dollar-Pegged Stablecoin Launch in January 2021: Report

From coindesk.com

Libra, the Facebook-linked stablecoin targeted continuously by lawmakers, might get off the ground as early as January 2021, albeit in a more limited format than the original multi-currency basket envisioned. According to a report by the Financial Times on Friday, the Libra stablecoin project might launch a single dollar-pegged stablecoin next year, according to “three people involved in the initiative.” The global stablecoin project was initially proposed to be pegged to a basket composed of multiple fiat currencies, but was walked back by project leaders in April as a result of regulatory pressure from lawmakers in ... (full story)

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  • Category: Fundamental Analysis