Hacker News new | ask | show | jobs
by tdjsnelling 2561 days ago
From the whitepaper:

> it will be backed by a collection of low-volatility assets, such as bank deposits and short-term government securities in currencies from stable and reputable central banks.

and

> The assets in the Libra Reserve will be held by a geographically distributed network of custodians with investment-grade credit rating to provide both security and decentralization of the assets.

https://libra.org/en-US/white-paper/#the-libra-currency-and-...