Facebook’s Crypto Project Reboots With Smaller Ambitions
May 12, 2021, 4:15 PM EDT Updated on May 12, 2021, 4:55 PM EDT
- Diem Association, formerly known as Libra, will move to U.S.
- Project plans to issue a U.S. dollar-backed stablecoin
Figures that you don't even know what a stablecoin is. LMAO.
Tether is a U.S. dollar-backed stablecoin which already exists, genius.
It doesn't mean it's official currency, moron.
God damn are you fucking dumb.
NOT YET... you were the one that thought sports betting was not going legal
what an idiot
Today's lessons for the morons among us...
Lesson one: "Smaller ambitions" when referring to creating a cryptocurrency will never mean replacing government-issued currency and controlling the currency supply in the national economy.
Lesson two: U.S. dollar-backed stablecoins refer to cryptocurrencies that are centrally managed and have as much fiat currency (U.S. dollars) bonded in reserve as the amount of cryptocurrency issued in circulation.
Any questions?
you will see it will be used for transactions... facebook will issue it
the banks have their own dollar coins
what do they do with the cash? monkey says " a small business cannot have a CEO "
what a knuckehead
So you're back to being reduced to complete lies. Thanks for playing.
only the biggest dope thought GOLD was 2000 dollars in 1980...that is you
Keep lying. Really difficult to look up the price history of anything.
Even a moron like you who thought Facebook was going to issue official U.S. currency can do it.
the only trader that worked for citadel and every other wall street company ...mr market maker - trader - that thought gold was 2000 in 1980
I love reducing retards to lies.
He's so fucking butt-hurt because I exposed him as a know-nothing retard so much that he has absolutely no argument anymore.
LMAO.
Bump the G2000 admission pls.Tia.
Who was the senator that said Jan 6th was nothing more than a normal tourist day at the Capitol.
Mitch McConnell is just as corrupt as Joe Biden, Nancy Pelosi, and Chuck Schumer.
Pretty hilarious to see libtards as fans of Mitch McConnell and loving what he has to say.