Last month Facebook announced a stablecoin initiative called Libra. This was an undoubtedly positive development for the industry, but in our view it's highly unlikely to move the needle from an adoption perspective. Limiting early participation to large companies and $1B+ AUM funds is a great way to prevent buy-in from a broad base of passionate individuals globally. Early buy-in from passionate individuals who have significant skin in the game is an essential and underrated element of any successful cryptocurrency. Read more about Facebook's stablecoin initiative in our latest blog post: Thoughts on Facebook Coin