50% of Libra’s Fiat-Basket is USD Backed

[mlawson71]

Facebook recently revealed the breakdown of Libra cryptocurrency fiat basket; in other words, the percentage of different currencies with which it will back its soon-to-launch Libra digital coin. The media giant has decided that 50% of Libra’s supporting fiat basket will be covered by the USD that will be used to target the US market. Meanwhile, the other half will divided between the EUR, with 18%, 11% for the GBP, 7% for the SGP, and the JPY with 14%. The obvious missing suspect is the Chinese Yuan.

[Bobcrypto]

I think this idea from Facebook's libra team is to gain the US and other countries supports. There will be soft landing ideas from the libra team to make sure the project is launch as planned.