Facebook Should Drop Libra and Support Third-Party Stablecoins By Cointelegraph

© Reuters. EToro: Facebook Should Drop Libra and Support Third-Party Stablecoins

Blockchain researchers at online brokerage eToro have argued that Facebook (NASDAQ:) should look to support third-party stablecoins, not Libra.

According to a Nov. 28 report from Finextra, eToro’s blockchain research unit eToroX Labs believes that while Facebook’s crypto project offers a “trailblazing opportunity” to disrupt financial services worldwide, the social media giant needs to change its strategy to assure success.

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