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The Libra Association co-founded by Facebook aims to serve as a monetary authority for the Libra cryptocurrency. It says Libra's purpose is to "empower billions of people," citing 1.7 billion adults without bank accounts who could use the currency. The Libra Association is a group of 28 companies and non-profits helping to develop Libra.

The Libra blockchain is implemented using Rust. The coding guidelines for the Libra Core Rust codebase are at https://developers.libra.org/docs/community/coding-guidelines

On Friday 4th October, PayPal announced its withdrawal from the project. It said it remained supportive of Libra's aspirations but had chosen to focus on its own core businesses. https://www.bbc.co.uk/news/world-australia-49944421

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