Libra co-founder: The final composition of Libra's basket of currencies will be determined by the members of the association

According to AMBCrypto, Libra co-founder Christian Catalini discussed Libra related issues in podcasts. He stressed that financial companies need to further streamline processes to reduce costs and reduce friction in their operations. Catalini also said that a basket of initial assets (composed of 50%, 18%, 14%, 11%, 7% Singapore dollars) that make up Libra is only a proposal, and the final currency composition will be determined by the members of the association. He added: “If you only focus on one asset (US$), it will be vulnerable to fluctuations and changes from this single asset. Diversified assets are more representative of the global image of a series of central banks that have A history of stability, low inflation and strong independence."