Yesterday Bloomberg reported that the digital currency project Libra is considering supporting multiple currencies, including central bank digital currencies (CBDCs). The project initially planned a stablecoin based on a basket of currencies. However, Facebook’s David Marcus raised the prospect of the Libra network hosting other currencies more than a month ago at the World Economic Forum.
We previously quoted Marcus at the event as saying: “I want to really make that distinction between the network and the assets that are running on top of the network, which I think could be issued by many different entities, whether it’s central banks or the private sector in some cases.”
He also stated: “For us, really what matters is to figure out what is the right network to host those stable coins or CBDCs.”
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