Describing Libra, Facebook’s stablecoin a basket of other fiat currencies, Ueli Maurer, Switzerland’s president has said the Libra is a failed project. Switzerland’s finance minister and the outgoing president said this in an interview with Swiss broadcaster SRF. He said in his own words that I don’t think (Libra has a chance in its current form) because central banks will not accept the basket of currencies underpinning it. Facebook’s currency is, however, formed from a basket of fiat currencies, and amongst them are the US dollar, the Chinese renminbi, and the British pound. Ueli further said that for the currency