Re: Libra Association hires former HSBC veteran to head its stablecoin project
I don't think we need any additional stablecoins in this market, USDT is a strong currency and it can satisfy the majority of people in this market.
The launch of the stablecoin by Libra is probably unnecessary in the current market situation.
Tether and strong? There are so many questions about Tether. They can´t prove their holdings in the banks, there are so many USDTs printed every day plus the authorities in Poland confiscated their bank accounts temporarily (worth 400 mln EUROs). It doesn´t seem like a strong stable coin for me. The launch of the stablecoin by Libra is probably unnecessary in the current market situation.
