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It bears mentioning that Libra, in addition to being a cryptoasset, is also basically an ETF!
Which means you can deploy systematic arbitrage strategies that trade on the underlying assets.
Which means @JaneStreetGroup is probably going to make a zillion dollars trading it.
Its worth mentioning that the valuation structure of Libra kind of runs headlong into the regulatory debate about whether cryptoassets are currency or securities. Like, sure, it's valued based on a basket of currencies, but doesn't that make it... a foreign currency ETF?
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