1/29Notetoreaders:ThefirstLibraAssociationwhitepaperwaspublishedinJune2019.ThisnewAssociationwhitepaper,publishedinApril2020,isintendedtobeastand-aloneupdateregardingtheplansoftheAssociation.Additionally,supportingtechnicalpapersalsopublishedinJune2019havebeeneditedorretired.TheLibraAssociation’smissionistoenableasimpleglobalpaymentsystemandfinancialinfrastructurethatempowersbillionsofpeople.TheAssociation’sfirststeptowardcreatingamoreinclusiveandinnovativefinancialsystembeganinJune2019withtheannouncementoftheproject.Ourgoalwastoestablishacollaborativedialogueearlyinthejourney.Wehaveworkedwithregulators,centralbankers,electedofficials,andvariousstakehol...