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

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

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

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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