 | It has been over 3 years after Facebook's announcement of the plans to launch their own stablecoin project Libra which has gathered more that a billion USD from various well known companies and institutions as well. So, for now the project is almost abandoned and dead as per bloomberg. "Meta" recently announced that they are planning to sell the project. Obviously, this is a clear example why you should avoid VC funded decentralized projects with CEO, CFOs. All those schemes are vulnerable to regulatory annihilation or chief executive rug pull. [link] [comments] |
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