<p>The Libra Association’s 20 founding members, excluding Facebook, have yet to commit investment dollars to the social network's stablecoin project, Libra, BBC <a href="https://www.bbc.com/news/technology-50149719">reported</a>, citing "several sources."</p> <p>When Libra was announced in mid-June, Facebook <a href="https://www.theblockcrypto.com/daily/27707/how-to-become-a-founding-member-of-the-libra-association">said</a> that each founding member would have to invest a minimum of $10 million, but so far none have committed to invest, per the BBC report. The investment matter was also not discussed in the association’s first general assembly last week.</p> <p>Libra Association member companies told the BBC that they would likely invest in the project when asked. “Rather than collect a bunch of money from a bunch of people and then figure it out...the feeling is that we needed to form, ratify a budget, and then figure out how to fund that budget, rather than the other way around,” one member company told the news source.</p> <p>Mark Zuckerberg, CEO of Facebook, is set to testify before the U.S. Congress on Libra today, and in his written testimony, Zuckerberg <a href="https://www.theblockcrypto.com/linked/44192/zuckerberg-facebook-will-not-be-a-part-of-launching-libra-unless-us-regulators-approve">said</a> that Facebook will “not be part of launching the Libra payments system anywhere in the world until US regulators approve.”</p> <p>Interestingly, one source at a founding member company told the BBC: “We’ve seen Facebook start to move away from the Association a little bit, maybe, but it’s still a challenge for them, definitely.”</p>