Facebook-Led Libra Forms Governing Council After Big-Name Departures
At a charter signing in Geneva on Monday, the Libra Association locked in 21 members of its governing council.
A detailed chronology of Libra's journey from a skunkworks inside Facebook to a potential global monetary game-changer to a shadow of its former self.
Libra may have been scaled back but Facebook is significantly expanding the team working to support the stablecoin project.
In the run-up to launch, libra's digital wallet subsidiary has been given a new look and a new name: Novi, which means "new way."
The Libra Association has formed a steering committee to oversee the creation of its technical roadmap.
Libra won't necessarily mimic Facebook's historic rise, said Calibra executive Kevin Weil.