Facebook Libra may have gotten the endorsement from the who’s who of the multinational corporations ever since its launch, but there are governments of some countries that continue to double down on strategies to curb the rise of parallel currencies. Among them is Germany! Although Libra is among the most-known stablecoins until date, as CEO of Facebook Inc, Mark Zuckerberg is struggling to keep its ambitious project alive. A cryptocurrency operated by central banks may be a better alternative to Facebook Libra, a stablecoin backed by traditional money deposits and short-term government-securities. Facebook Libra – a stablecoin in crisis Along
