Libra

Libra was a proposed digital currency initiated by Facebook (now Meta) aimed at creating a global, stable, and accessible financial system. It intended to enable secure, low-cost transactions across borders using blockchain technology and a reserve of assets to maintain stability. Despite significant development, Libra faced regulatory and political challenges, leading to a rebranding as Diem and eventual halting of the project. It represented an effort to expand financial inclusion but also highlighted concerns over privacy, regulation, and monetary control in the digital age.