Can the new Saga token emerge as Libra stablecoin rival?

UK-based blockchain firm Saga just launched a new token called Saga (SGA) token which could potentially be the next big competitor of Facebook’s troubled Libra stablecoin. Saga has the perfect recipe for success. An advisory board that boasts of leading economists like the Nobel Prize winner, Myron Scholes, and the Chairperson of JPMorgan Chase International and former Governor of the Bank of Israel, Jacob Frenkel, and a possible alternative to project Libra that could very well be welcomed by regulators and governments, the firm is all set to create a significant impression. Would Saga token achieve what Libra stablecoin couldn’t?