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US dollar to be main currency underpinning Facebook's Libra: Spiegel

By Staff Writer

Sep 22 2019 10:25PM

Will make up 50 percent the basket of currencies backing Facebook's coin.

US dollar to be main currency underpinning Facebook's Libra: Spiegel

The US dollar will make up 50 percent of the basket of currencies backing Facebook's planned digital coin Libra, with the euro, yen, sterling and Singapore dollar comprising the rest, Der Spiegel reported, referring to a letter from Facebook. China's yuan currency will not be included, which ...

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