Libra just will not ‘go away’ as speculation mounts of a launch in January 2021
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2 min video looking at how Libra is evolving
There has been a significant increase in the value of stablecoins in 2020. The total size of the stablecoin market has risen in the last year to now be worth over $26billion, with the largest by far being Tether -USDT- which has grown from $4.29 billion to $19.6 billion. Incredibly, Tether is being investigated by the New York State Attorney since Tether has been unable to clarify whether it is, indeed, backed 100% by US$ — yet it keeps growing….
The top ten biggest stable coins
Facebook’s Libra project was launched in June 2018, and originally in its white paper, it proposed to create a digital currency that would be backed by basket bank deposits and government bonds denominated in US Dollars, Euros, Yen, and British Pounds. Libra has now announced that it is to rename itself, Diem, although it will be keeping the same logo. Although Facebook would still appear to be very much involved, Dahlia Malkhi, the new CTO of Diem, is and has been, Lead Researcher at a subsidiary of Facebook. Novi, which is Facebook’s representation on the Libra, sorry on the Diem governance board. According to a report by the…
