Although it is backed by several Silicon Valley and mega-companies that make up the Libra Association, Facebook is clearly the leader driving the currency’s adoption. Facebook's Blockchain-Based Cryptocurrency Libra: Everything You Need To Know Adobe StockWhat is a cryptocurrency? Libra is also being designed as a “stablecoin.” The value of Libra units in circulation will be tied to assets made up of various currencies stored by the Libra Association. The EU launched an investigation of the Libra Association on antitrust issues. Some world financial leaders have expressed concern that Libra threatens the financial stability of nations.

Source: Forbes October 07, 2019 06:00 UTC