As many economists have pointed out, sustainability concerns have to be addressed at a fiscal level. This means that the debt-to-GDP ratio has to stabilise, and those projections need to be realistic. If debt sustainability can be assured, with high probability, then near-term borrowing will be more readily available.
To begin with, Libra coins will be issued by the Libra Association – a group of global players in the fields of payments, technology, e commerce and telecommunications. The Libra Association will control the Libra blockchain and collect the digital money equivalent of seignorage income on Libra.