Libra Coin is a stable coin developed by the Social media Giant. facebook. Their main focus is to develop a Crypto currency more like a Fiat Currency, that will be based on Blockchain and will act like the traditional USD so that people can use it through FB platform to buy or sell anything.
Calibra, Facebook’s Subsidiary company that’s incorporated to govern this crypto. This Crypto is backed or let’s say financed by 20 top companies such as Visa, Master Card, paypal, UBER etc.