DecentralandCoinDesk at 10: The Ghost of Libra Lives On
YAHOO!Finance
•3 days ago
Facebook’s ambitious 2019 stablecoin project never went live. But it sure left a lasting impression. This feature is part of our CoinDesk Turns 10 series looking at the biggest stories in crypto history.
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According to CoinDesk, the ghost of Libra, Facebook's proposed cryptocurrency, "lives on" despite the project's recent struggles. The Libra Association, Facebook's partner consortium, has recently seen several members pull out of the project due to regulatory pressure. However, the remaining members are determined to make the project a reality and are currently working on a revised version of the project that complies with regulatory standards. The new version of Libra could potentially still bring financial access to the unbanked and underbanked, and help to bring more people into the digital economy.
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