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According to the whitepaper at libra.org, they won't hold stocks. The reserve is a "basket of bank deposits and short-term government securities".
by wcoenen 7y ago
According to the whitepaper at libra.org, they won't hold stocks. The reserve is a "basket of bank deposits and short-term government securities".
- rtkwe 7y agoThere's nothing binding about that proposed setup though. It wouldn't affect the function from the chain side so there's no real way to validate that that is what their doing outside of independent audits.