It appears that Facebook’ Libra project is downgraded and more aligned with the requirements of regulators all over the world.
According to the Financial Times:
“the association outlined plans to offer a set of digital versions of single currencies, such as a Libra dollar or a Libra euro, that would be fully backed one to one by cash or cash equivalents, plus support from a capital buffer….The shift follows a backlash from US watchdogs over its initial proposals to create a synthetic coin backed by a basket of currencies, which prompted concerns about foreign exchange risks and raised questions as to how such a basket would be weighted. Libra said it was still aiming to create a “multi-coin currency”, though this would be a “digital composite” of some of its existing single-currency coins.”
https://www.ft.com/content/23a33fcb-1342-4a18-be39-504e8507f752