With news breaking last week that the Facebook-led Libra stablecoin would be backed fully by five fiat-currencies (50% U.S. dollar, 18% euro, 14% Japanese yen, 11% British pound, and 7% Singapore dollar), we wanted to backtest the past two years worth of data to measure how stable the hypothetical index was relative to the individual […]The post Backtesting Libra’s reserve basket for stability appeared first on The Block.
