Libra
Project Head Says Multiple Fiat-Pegged Stablecoins a Possibility
Speaking at a banking seminar
hosted by the Group of 30 in Washington, D.C. on Sunday, Libra co-creator and
Calibra chief executive David Marcus said it could launch multiple
price-stable cryptocurrencies based on national currencies rather than a
single one tied to synthetic basket of currencies.
“We could do it differently,”
Marcus said. “Instead of having a synthetic unit...we could have a series of
stablecoins, a dollar stablecoin, a euro stablecoin, a sterling pound
stablecoin, et cetera.”
Marcus’ comments came ahead of
Wednesday when Facebook chief executive Mark Zuckerberg is scheduled to
testify before the U.S. House Financial Services Committee during a hearing
titled, ‘An Examination of Facebook and Its Impact on the Financial Services
and Housing Sectors’. It is widely expected that the topic of Libra will
comprise a large part of the hearing.
