The paper outlines Facebook’s plan to make Libra a globally available stablecoin. It is intended to work on the native and scalable Libra blockchain. Current plans are to back Libra by a set of Facebook’s assets designed to give Libra a value in and of itself, as to decrease the price volatility to which all crypto is prone. Facebook has stated that these assets will be composed of a variety of bank deposits and government-sourced securities. These will be stored in the appropriately titled ‘Libra reserve’ every time that a unit of Libra is issued.