The Startup
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The Startup

Facebook’s stunning plan to use government securities for Libra

Photo by Pixabay from Pexels

Yesterday’s public announcement by Facebook of its upcoming blockchain platform and cryptocurrency and their documentation release have naturally attracted a lot of coverage. However, what received surprisingly little attention was the expressed intention to back the Libra stablecoin not just with a bunch of national currencies but also short-term government securities.

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Daniil Gorbatenko

Daniil Gorbatenko

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PhD, economics (2018) from Aix-Marseille University, independent blockchain adoption consultant based in Aix-en-Provence, France, Email: daniilgor2004@gmail.com