The Coin Research Institute published a Libra research report today, stating that the most prominent feature of the Libra program is the issuance and management of the decentralized, global non-profit organization Libra, which needs to be regulated by governments around the world. It is still in the early stage of development. In the short term, it does not have the strength to attack sovereign currencies. In the long run, it depends on its governance structure, execution and market acceptance. Libra emphasizes user privacy protection and can help Facebook to restore the public image to a certain extent. In addition, Libra may have an impact on the digital currency that is positioned to cross-border payments, and the stable currency that is insufficiently compliant, but has little impact on mainstream digital assets such as BTC.