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What would set Facebook's Libra apart, if it were to proceed, is the combination of an active-user network representing more than a third of the global population with the issuance of a private digital currency opaquely tied to a basket of sovereign currencies, without requisite safeguards, stablecoin networks at global scale may put consumers at risk.

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Reuters 4 years ago
Lael Brainard

Lael Brainard

Lael Brainard is a member of the U.S. Federal Reserve's Board of Governors where she serves as Chair of the Committees on Financial Stability, Federal Reserve Bank Affairs, Consumer and Community Affairs, and Payments, Clearing and Settlements.

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    "Lael Brainard Quotes." Quotes.net. STANDS4 LLC, 2024. Web. 5 Nov. 2024. <https://www.quotes.net/citizen-quote/343066>.

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