February 20, 2024

David Marcus: Libra Association may launch a series of stablecoins

David Marcus: Libra Association may launch a series of stablecoins

The Libra Association is open to launching a series of fixed stablecoins.

As stated by the co-founder of the projectDavid Marcus, the company may release a series of stemcoins pegged to the US dollar, euro, pound sterling, etc.

Marcus emphasized that stablecoins withfixed peg is not a priority and the main goal remains to create a more efficient payment system. Marcus added that the Libra project is still set to launch in June 2020.

That's still the goal.We have always said that we will not move forward until we have resolved all the legal issues and received regulatory approval. So not everything depends on us, – he told Reuters.

Immediately after its announcement, Libra faced a growingskepticism. Last week, FATF Task Force President Xiangming Liu said stablecoins, including Libra, could hamper efforts to prevent criminal activity.