Jingwei Ventures: If Libra is to take on the responsibility of stabilizing the currency, it means that its fluctuations are small, not the target of speculation.

Today, Jingwei Ventures issued a statement saying that if Libra is to assume the responsibility of stabilizing the currency, it means that its fluctuations are small, not the target of speculation. Libra needs to guarantee that it has a currency equivalent to a basket of currencies, and the reserves are sufficient. In the event of volatility or poor market confidence, we may not be holding the French currency to go to the central bank to pay the equivalent assets, but we will definitely ask Libra to pay. This is the rigid redemption function that the stable currency needs to bear. At this point, we can only hope that the financial wealth of the Internet and the wealth of the participating nodes will be thick, and the business of the Facebook parent continues to rise. After all, as long as it involves finance, the ultimate thing that everyone is afraid of is similar. That is the credit crisis and the run.