Libra will be a STABLE coin, which will be backed by real assets like USD, EUR, JPY, and GPB. Libra will be backed by its own reserve, called “Libra Reserve”, which is comprised of low volatile assets structured to keep its value relatively stable. For withdrawing the funds, the users( mainly from WhatsApp or messenger platforms) would be able to convert the currency into legal tender based on an exchange rate, which will be like exchanging USD for Euros for a European vacation. You need not be worried about the security feature as the Libra payments won’t be connected with a user’s FB data and even will not be used for ad targeting with the data. You can store it in the Calibra wallet, which we shall discuss in the upcoming segments.
Just like MKR is the governance token for MakerDao, there will be governance token for Libra as well known as the Libra Investment token (LIT), which will enable the participation in the governance of the network.