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.
In all these, Brad Garlinghouse, the Ripple CEO claims that Libra will not launch before 2023.
Summary
Article Name
Facebook's Libra already forked before its launch to Openlibra
Description
WireLine CEO, Lucas Geiger announced Facebook Libra Fork, OpenLibra, a stablecoin. The first version of the project is already released on GitHub.
Author
Qadir AK
Publisher Name
Coinpedia
Publisher Logo
