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Libra, Facebook�s new cryptocurrency, explainedThis new cryptocurrency is designed for stability, backed by low-volatility financial assets. Libra aims to make everyday transactions, like. When Facebook announced Libra, the plan was to create a universal cryptocurrency that could be accessed by digital wallets � all of which would. Initially, the dream was for Libra to be like bitcoin, a currency owned by no one group and built on open-source technology. This would allow.