/biz/ - Business & Finance

>>22210492
Mark wanted to go the official route. When they first started Libra they were roadblocked by US and EU governments saying "slow down and let us review that first"

RSV and RSR already exist, the vault of stablecoins (and eventually I imagine gold-backed and bitcoin-wrapped tokens will make it into the vault too, as per the whitepaper)

They're just going to launch and not really give a fuck about what governments want from what I understand.

>>22203634
That was genuinely my first concern and the reason I ignored this project a few months ago. Why would anyone want a stablecoin pegged to the USD if the USD will shit the bed in the next few years?

Read the phase 3 of this image, or read the whitepaper portion that talks about what will back RSV in the vault.

RSV is meant to outlive the US dollar, eventually a basket of commodities will back it (ex gold, wrapped BTC, deeds to assets, etc)