As the wave of interest in Facebook's stablecoin Libra continues around the world, it appears that Mark Zuckerberg's foray into digital currencies has a new and powerful ally. Fitch, one of the big three credit rating agencies, gave it a thumbs up in a recent report. Fitch in Love with Facebook's Fiat-Backed Libra What is it precisely that Fitch has fallen in love with? Well, in praising the centralized token, Fitch focuses on Libra's fiat-backed status: "A potential advantage of Libra versus other cryptocurrencies is its full backing by a reserve basket of fiat currency assets managed in a reserve
The post Big Three Credit Rating Agency Fitch Touts Facebook's Fiat-Backed Libra appeared first on CCN Markets
from CCN Markets http://bit.ly/2YeCiD6
No comments:
Post a Comment
We have received your message and would like to thank you for writing to us, we will reply by email as soon as possible.
Talk to you soon,
[Pakcoin Worker]
[Pakcoin Global]