German media report that USD will be 50% backing for Facebook crypto Libra

  


Weekend report in Reuters on the cryptocurrency, citing Speigel

US dollar will make up 50 percent of the basket of currencies backing Facebook’s planned digital coin Libra

euro, yen, sterling and Singapore dollar comprising the rest

yuan will not be included

Exclusion of yuan “could help smooth the planned cryptocurrency’s path in the United States” says Reuters 

More:

  • US dollar would make up 50 percent of the basket
  • euro with 18 percent
  • yen with 14 percent
  • GBP 11 percent
  • SGD 7 percent

While we are at it, BTC update:

Weekend report in Reuters on the cryptocurrency, citing Speigel

ForexLive



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