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Facebook’s Libra Already Forked To A StableCoin

Written by: Qadir AK

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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Oct 10, 2019

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Facebook’s Libra project is always under scrutiny. Recently, Paypal revoked its support from the Libra project. The latest update is that Libra is being forked into a stablecoin “OpenLibra”. Lucas Geiger, co-founder of Wireline said OpenLibra will be a permissionless fork of Libra. As per Lucas, OpenLibra will address the Libra’s potential flaws. The core team includes personalities from projects such as Wireline, Radicle. Additionally, The team has released the first version of this stablecoin on GitHub. 

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In all these, Brad Garlinghouse, the Ripple CEO claims that Libra will not launch before 2023.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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