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Facebook open to currency-pegged stablecoins for Libra project

Reuters Sunday, 20 October 2019 ()
Facebook Inc , facing growing skepticism about its digital currency project Libra, on Sunday said the initiative could use cryptocurrencies based on national currencies such as the dollar, instead of the synthetic one it initially proposed.
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News video: Facebook's Libra Open to Using Stablecoins

Facebook's Libra Open to Using Stablecoins 00:22

Facebook's Libra has faced numerous setbacks and now the company is looking for alternative financial structures, including different stablecoins backed by various government currencies.

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