This has a similar consortium like architecture to Libra, but what made Libra so spicy was that it was a novel free float currency and was essentially an overt attack on the dollar.
Which is why the Zuck got this treatment.
Not a ton of details yet, but a few features jump out at me:
* Opt-in privacy (similar to Arc, selectively shielded balances/txns?)
* Gas payable in any stablecoin
* Dedicated payment lanes (separate fee market / blockspace?)
* Enshrined Curve for cross-stablecoin swaps
* Initially consortium chain, eventually decentralized
Then the list of partners, who all seem to be tweeting alongside: Anthropic, Coupang, Deutsche Bank, DoorDash, Lead Bank, Mercury, Nubank, OpenAI, Revolut, Shopify, Standard Chartered, Visa.
Big Libra energy. Do we get to see what Libra might actually be like were it allowed to launch? Although now in a much more competitive market than 2019.
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