A Blockchain Firm Advised by Nobel Laureate Myron Scholes Just Launched a Rival to Facebook’s Libra

“With an advisory board that includes top economists like Nobel Prize-winner Myron Scholes, U.K.-based firm Saga hopes to introduce a global currency that regulators find agreeable.   The company on Tuesday launched its saga (SGA) token, a virtual currency tied to a basket of currencies in order to maintain a stable value. That’s not too dissimilar to Facebook’s libra, which was met with a barrage of regulatory opposition moments after being announced. But one key thing that sets it apart from that project is what Saga bases the currency’s value on.”

A Blockchain Firm Advised by Nobel Laureate Myron Scholes Just Launched a Rival to Facebook’s Libra
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