I think Libra will be a coin equivalent to a dollar, which has price stability. And this Libra coin will not be able to compete with Bitcoin, because of the striking difference between the two, so I personally only hope that Libra and Bitcoin will coexist.
It is too early to draw conclusions about the coexistence of bitcoin and the Libra coin.Facebook also has a lot of problems.Perhaps it will be a coin only for internal use without support for conversion or exchange to another crypto currency.The regulators will decide.Let's be patient.
First let this Libra coin appear, we will evaluate it, and then we will decide. In any case, without the support of the people, this coin will have no future.
In addition, now with the launch of this project, Facebook has big problems due to the US position. This coin, which made a lot of noise, may never appear.
According on what I read about libra coin, It's true that the libra coins run using the blockchain technology, and it's also true that the price of the libra coin is stable, but according to what I read, libra coin is not considered as a cryptocurrency, I think it will only use the blockchain technology for faster transaction processing but it will only run in the facebook platform and will not be put on exchange. If this kind of coin really do put on exchange, do you really think the this kind of coin will really be stable, and if it is on the exchange, it will only be like the TUSD which is redundant to the marketplace.