Nobel Winner-Backed Saga Launches Libra-Like Global Coin

Nobel Winner-Backed Saga Launches Libra-Like Global Coin

London-based blockchain firm Saga announced the launch of its Saga token (SGA). The digital unit represents a global currency that complies with regulators’ requirements. The currency is backed by a basket of fiat currency to avoid high volatility. Thus, it acts like a stablecoin and resembles Libra – Facebook’s digital currency that is still under development.