Why We Can Thank Libra for Boosting Stable Coins and Clarity on Regulation

I can hardly remember when the announcement of a project kept the blockchain world that busy. When Facebook announced Libra in mid-June 2019, the euphoria was huge. The general public was impressed by the companies that supported the project and their noble goals: Thanks to the new crypto currency Libra, 1.7 billion people worldwide without a bank account would finally get access to the global financial system and be able to transfer money securely and cheaply. It was said that a new world currency would emerge, and some…