Investment platform eToro: Facebook should abandon Libra and use a stablecoin crypto investment platform issued by a regulated third party

According to Finextra, the investment platform eToro recently issued a position paper saying that if Facebook has the opportunity to launch a cryptocurrency business, it should abandon its virtual currency and use stable coins issued by regulated third parties. eToro Blockchain research department eToroX Labs said that instead of creating a digital currency called "ZuckBucks" by a US politician (a lawmaker once mocked Libra as "Zuckbucks"), it would be better to entrust a regulated third party to issue stablecoins supported by fiat currencies This can help Facebook relieve the responsibility of controlling currency.