[8] Today, the discussion is about so-called “stablecoins” – crypto-assets with value-stabilising characteristics. [9]  Although private digital forms of money have been around for decades, Facebook’s large installed customer base suggests that Libra could be the first private initiative to have a truly global footprint from day one. Facebook has over 2.4 billion users – more than a quarter of the world population.
The four policy principles have proven to be the most effective tools for meeting the challenges of a very uncertain world. 4  BIS Review 13/2003