David Marcus, co-creator of Libra, says the stablecoin won’t threaten monetary sovereignty of nations

David Marcus, co-creator of Libra, has posted to Twitter on Monday saying that the proposed stablecoin Libra won’t threaten monetary sovereignty of nations as claimed by global regulators recently. Marcus continued to say that Libra is designed to be “a better payment network and system running on top of existing currencies,” and as such “there's no new money creation, which will strictly remain the province of sovereign Nations."

Let us know what you loved about the report, what may be missing, or share any other feedback by filling out this short form. All responses are subject to our Privacy Policy and Terms of Service.