What is Libra coin (LBR)?

Libra coin (LBR) is a token developed on the Libra blockchain. It’s fully secured by a portfolio of assets with low volatility in monetary terms. When Libra will be launched? Libra will be launched in 2020. Calibra, a Facebook-based subsidiary, will provide financial services. Users will pay with a cryptocurrency through a special wallet.

What is Facebook's Libra coin?

Facebook recently announced it will be launching its own cryptocurrency in 2020 called the Libra coin. The coin will be available for Facebook’s two billion users under the ‘Calibra’ project. Libra’s mission Facebook has shared Libra’s white paper which states that its mission is to act as a simple global currency that empowers billions of people.

What is Libra and why is it a stablecoin?

Libra is the primary crypto asset on the Libra blockchain. It is meant to have a stable value because it is backed by a supply of real-world assets held in the Libra Reserve, which makes it similar other stablecoins such Paxos, Gemini Coin, and USDC .

Is Libra a fiat currency?

Libra is a “stable, low-volatile” coin, and its value is NOT tied to one fiat currency. Initially, Libra will be supported by a portfolio of assets in four federal currencies: USD, GBP, EUR, and JPY. Among partners and early investors are Mastercard, Uber, Vodafone and other companies.