Facebook Libra will be made up of U.S. dollar, euro, yen, pound, and Singapore dollar
In response to a request from Fabio De Masi, the finance spokesman of the Left Party faction of the German Bundestag, the social media giant has disclosed the fiat currencies that will make up the reserves for the Libra stablecoin. According to Der Spiegel, Libra's basket of reserves will be made up of
50% U.S. dollar
18% euro
14% Japanese yen
11% British pound
7% Singapore dollar