Facebook has been facing criticism and pushback from various financial and political institutions over its plans to launch the stablecoin Libra for quite some time now, and in the past few months that pushback only intensified. It appears that the company is determined to placate its detractors by redesigning the Libra project. It will now include multiple versions of the proposed stable coin, each backed by a single fiat currency like the Euro or the U.S. dollar. Since the fears were that the stablecoin could undermine the control of the central banks over the monetary system, the Libra association and its backers are made some other changes as well. They have also begun negotiations with Swiss authorities about a payments license. This is clearly an attempt to placate regulators, but I am not sure it will really work.
It's a dog and pony show. FB has too much influence on the politicians. Libra coin is a perfect surveillance coin for the USG, a good tool to spy on the global users which is what this coin is designed for. This pretend push back is a show for other countries that USG doesn't want it but in closed doors they do. I think it will get approved, but it's only my personal opinion.
Yes, I think it will launch, but it's a centralized cryptocurrency and I personally won't use it as I don't have a FB or IG account.