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First State-Owned Entity Joins Libra Association

Temasek, one of Singapore’s two state-owned investment vehicles, is among the latest firms to join the Libra Association, the consortium Facebook set up to create a global digital currency.

By Danny Nelson

Updated Sep 14, 2021, 8:42 a.m. Published May 14, 2020, 11:00 p.m.

Temasek's addition to the Libra Association could explain the role the Singapore dollar played in both the original stablecoin basket and the new multi-coin vision. (Credit: Shutterstock)