Board member of the Federal Reserve Board: Facebook's concept of Libra as stablecoin has yet to be verified

According to Reuters, Federal Reserve Board member Lael Brainard initiated discussions on Facebook ’s Libra project today, saying it faces “a series of core legal and regulatory challenges”. Brainard claims that Facebook sees Libra as a "stable currency" (a digital currency linked to a government-backed currency or other reliable asset) The concept of avoiding drastic fluctuations in pure cryptocurrencies such as Bitcoin has yet to be proven, and consumer rights Not clear yet.