The Libra Association is weighing a shift to a U.S. dollar-backed stablecoin
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Quick Take
- The Libra Association is considering whether to abandon the existing currency-and-asset basket model in favor of a dollar-centric one for its proposed Libra stablecoin, sources say
- The move could mollify the concerns of regulators and lawmakers skeptical of the Switzerland-based initiative
- It might not be that big of a deal for the other U.S. dollar-backed stablecoins.
The Libra Association is considering a significant change to how its proposed stablecoin would be backed, The Block has learned.
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