The thing I don’t get is it is just a SDR (as you say likely to be heavily overweight the USD) on a blockchain backed by Corporate America.
People don’t like the SDR. As a unit of account, it is too confusing. People don’t like corporations so much, especially FB. As a source of trust, it is notoriously awful.
So tell me how this is gonna work again? Cuz I don’t get it.
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I have not looked into the financial makeup much, I must admit. The Libra looks like an SDR, I agree. I think it is the daily active users that makes the difference for Facebook as the banks don't have these and the IMF does not have these either.