Lubin remained optimistic over the outlook for so-called 'stablecoins' — cryptocurrencies that are backed by reserve assets.
Facebook's proposed cryptocurrency libra "suffers from its greatest asset" — the Menlo Park-based social media giant itself — says Joseph Lubin, founder of blockchain company Consensys and co-founder of Ethereum.
Lubin remained optimistic over the outlook for so-called "stablecoins" — cryptocurrencies that are backed by reserve assets. "I'm a big fan of projects like Libra," Joseph Lubin told CNBC's "Squawk Box" on Tuesday. "I don't believe that Facebook … with the concerns that we have with respect to trust and personal identity in Facebook, should be driving that project."
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