Libra, the cryptocurrency spearheaded by Facebook, could launch as early as January. Libra Association would be working on several single-currency stablecoins which is a cryptocurrency that links its market value to an external source like the dollar.
Facebook hasn't gotten much love for Libra, partners have bolted from the project, details have shifted and legislators have criticized the plans.
Mark Zuckerberg said that sending money online should be as simple as sending photos. Libra is designed to make it easier and cheaper for people to transfer money online, which might also attract new users to the social network. Although it is said that Facebook wont have direct control over Libra.