The Libra formation group has decided to move ahead with its initial want to roll-out a multi-currency stablecoin, Libra’s director of policy Julien Le Goc has said: “We’ve not abandoned the multi currency stablecoin, drawing its DNA from the [International Monetary Fund’s] special drawing fund, which remains an essential design feature.”
The Libra Association has an “ongoing dialogue” with core banks to create a regulatory framework.
Associates of the Libra Association also are exploring ways to take its governance system closer to a public private partnership with national governments.
Facebook’s Libra digital currency project has been within a considerable amount of force from regulators using the very start. Because of this, representatives belonging to the Libra Association altered the approach of the task and announced the goal of theirs to create a multi currency stablecoin, everyone of that is going to be linked to various currencies: the dollar, the euro, the pound sterling plus the Singapore dollar.