Silicon Valley’s cryptocurrency of the future. Adobestock/phonlamaiphoto In June of 2019, Facebook dropped a bombshell. Rumors had swirled for months that the social network was going to launch a cryptocurrency, but the company’s plans, dubbed Project Libra, turned out to be bigger and more ambitious than many had imagined. Libra, its new currency, would be pegged to a basket of global currencies–including dollars, euros, and Swiss francs–and available to Facebook users around the world.