Libra was formally announced on June 18, 2019. The creators of the coin are listed as Morgan Beller, David Marcus and Kevin Weil (Novi's VP of Product).
A first version is projected to be released in 2020.
On July 15, 2019, Facebook announced the currency will not launch until all regulatory concerns have been met and Libra has the "appropriate approvals". In a meeting with top Senate Democratic leaders on September 18, 2019, Facebook chief executive Mark Zuckerberg told lawmakers that Libra would not be launched anywhere in the world without first obtaining approval from United States regulators.