In a big reversal, Libra reportedly could peg its cryptocurrencies to national currencies
https://techcrunch.com/2019/10/20/in-a-big-reversal-libra-reportedly-could-peg-its-cryptocurrencies-to-national-currencies/
Facebook is willing to reverse course on its plans to tie its digital currency project to a synthetic currency tied to a basket of global currencies.
Reuters is reporting that Facebook’s head of the Libra project, David Marcus, told a group of bankers that the company’s main goal was to create a better payments system and was open to alternative approaches to the original structure of the project.