Facebook’s Libra Stablecoin Is A Wake Up Call To Central Banks

Nothing quite gets your attention in the morning like an existential crisis — which is precisely what Facebook’s proposed Libra cryptocurrency was to central bankers.

Patrick Tan
Published in
9 min readOct 29, 2019

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Patrick Tan
The Dark Side

General Counsel for ChainArgos, the blockchain intelligence firm made famous for breaking the story that BUSD was unbacked by US$1.4bn