Did it succeed? No. The US government hauled #Zuckerberg in

Aug 8, 2023

Did it succeed? No.The US government hauled #Zuckerberg into Congress.
Forced him to drink water.
And DENIED #Libra due to fears it could upset 'global financial stability'.
Translation: The US was scared it would be competition to the US dollar. 😱
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X Imtiazzavi

Aug 8, 2023

Four years later: $PYUSD is LIVE!

First on PayPal app & soon on Venmo in the coming weeks.

It can be:
- exchanged for $USD at any time
- transfer off to supported external wallets
- converted to any of PayPal's four supported cryptos: #Bitcoin , #Ethereum, #LTC, $BCH.

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Quote 1

X Imtiazzavi

Aug 8, 2023

Back in 2019 Facebook attempted to launch a US-backed stablecoin, #Libra.

They got backing from 30+ corporate heavyweights, all committing around $10M.

The companies included:

Visa, Mastercard, Uber, Spotify, Ebay, Coinbase, Stripe, and YES.. even PayPal. 😲

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Did it succeed? No.

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