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2020-02-14 22:43:14

The Libra Association is weighing a shift to a U.S. dollar-backed stablecoin

Quick TakeThe 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 sayThe move could mollify the concerns of regulators and lawmakers skeptical of the Switzerland-based initiativeIt might not be that big of a deal for the other U.S. dollar-backed stablecoins.