As widely reported today, Facebook’s Calibra wallet today rebranded to Novi. Less widely reported however is the most important piece, then link-up with WhatsApp and Facebook messenger [1].
Libra has a new CEO, Stuart Levey, currently Chief Legal Officer for HSBC and previously Under Secretary of the Treasury for Terrorism and Financial Intelligence under Bush and Obama [1][2][3][4]. After the whitepaper v2 [5] another sign of Libra playing in the big leagues.
In this bonus episode we’ll discuss one topic close to my heart: global stable coins. The ECB just published a paper on regulatory and financial stability implications of global stable coins [1]. Whilst the results will come as surprise to noone except the author’s of last year’s v1.0 of the Libra whitepaper it is still worth going through them because they are important for the stable coin market.