Nobel Laureate in Economics: Only a fool can trust Facebook's Libra

According to Cointelegraph, on July 2, Joseph Eugene Stiglit, Nobel laureate in economics, published an article saying that "Every currency is based on trust, but only a fool can trust Facebook's Libra." Stiglitz also pointed out that "in just a few years, Facebook has won a certain degree of 'no trust', and the banking industry took longer to do this."