ECB
Executive: Libra ‘Undoubtedly’ a Wakeup Call for Central Banks
Speaking on Wednesday at the
German federal parliament Bundestag, European Central Bank executive board
member Benoit Coeure said that Facebook’s proposed Libra stablecoin has
“undoubtedly been a wakeup call for central banks and policymakers.”
The demand for “fast, reliable
and cheap” cross-border payments is only going to trend upward, he explained;
providing a strong incentive for developers to build borderless stablecoin
initiatives. Coeure’s remarks come as the International Monetary Fund
published on Thursday the second of its two-part blog series on
stablecoins.
Also on Thursday, Libra
released a new version of its LibraBFT protocol (i.e., LibraBFTv2). According
to a blog post authored by Calibra research
engineer Mathieu Baudet, the protocol “operates at the heart of the Libra
blockchain to guarantee secure state machine replication.”
