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2020-05-15 16:10

First State-Owned Entity Joins Libra Association


Temasek, one of Singapore’s two government-owned investment vehicles, is among the latest companies to join the Libra Association, the consortium Facebook set up to create a global digital currency. The addition may help explain why the Singapore dollar has figured prominently in Libra’s plans from the early days. In the initial vision of a new currency backed by a basket of different sovereign currencies, the “sing” was included alongside the U.S. dollar, the euro and the British pound. And when Libra pivoted last month to focusing on stablecoins pegged to existing fiat currencies, it mentioned the same four currencies as

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