What is considered a stablecoin?

A stablecoin is a cryptocurrency whose value is fixed to another asset , often currencies such as the U.S. dollar or the euro, though other assets are possible. This kind of crypto coin tracks the underlying asset, making its value stable over time, at least relative to the currency it’s pegged to.

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What is Libra now called?

In December, Libra rebranded as Diem in a renewed effort to gain regulatory approval, with its scope scaled back further to a single dollar-backed digital coin. Currently, Facebook’s digial wallet Novi is one of Diem’s 26 members and a minority investor.

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Can you buy Libra?

Open the Novi wallet via Messenger or WhatsApp. Enter your credit card or bank account data to be able to buy Libra Coins . Buy Libra coins with fiat currency (USD, EUR, GBP). With Libra Coins in your integrated digital wallet, use them to pay for purchases wherever Libra Coin is accepted.

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Is Libra coin real?

Diem (formerly known as Libra) is a permissioned blockchain-based payment system proposed by the American social media company Meta Platforms. The plan also includes a private currency implemented as a cryptocurrency. The currency and network do not yet exist .

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