October 20, 2020

David Marcus: Libra Association may launch a series of stablecoins

David Marcus: Libra Association may launch a series of stablecoins

Libra Association is open to launch a series of fixed stable coins.

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

Marcus stressed that stablecoins withfixed pegs are not a priority, and the main goal remains the creation of a more efficient payment system. Marcus added that the Libra project is still set to launch in June 2020.

That is still the goal. We have always said that we will not go forward until we solve all legal problems and get permission from the regulatory authorities. So not everything depends on us, ”he told Reuters.

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