It’s been a pretty intense month for the Libra Association, whose stablecoin has come under intense scrutiny from the U.S. Congress and the G7 over fears of destabilizing the global financial system when it launches next year.
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Facebook remains defiant in wake of Libra defections
The loss of Mastercard, Visa, Stripe, eBay, and Mercado Pago has hurt the stablecoin project, but the social media giant promised to move ahead
Facebook’s plan to create a blockchain-based stablecoin called Libra took a body blow on October 11, when five main partners including Mastercard and Visa withdrew.

