June 18, 2019
Alphaville’s Libra cheat sheet: it’s a glorified ETF
By admin | |
The underlying assets of the Libra fund will be made up of bank deposits and other low risk government securities. Customers who transfer value into the system will in effect give up their right to collect interest on their capital. Libra acknowledges that its basket-like nature will ensure the currency fluctuates vis-à-vis the value of trade currencies.