Yes it is true. From what I understand if there is an excessive amount of selling then they simply fund the withdraws by taking funds out of the reserves and si

Yes it is true. From what I understand if there is an excessive amount of selling then they simply fund the withdraws by taking funds out of the reserves and simply "deleting" the libra tokens. Same story if there is lots of people buying. They simply put more into reserves to create new tokens. In theory they could actually put surplus reserves (over 100%) into the backing due to interest accumulation.