![]() ![]() Stablecoin, and the impact and future of its move Facebookbacked crypto project Diem to launch US stablecoin in major shiftĭiem, formerly known as Libra, has been making waves in the world of finance since it was first announced in 2019.Developed by Facebook, the digital currency was originally envisioned as a way to provide financial services to the unbanked populations of the world.However, it faced significant regulatory and political challenges that caused delays and setbacks.Now, two years later, Diem is finally launching as a U.ĭollar-pegged stablecoin.In this blog post, we'll explore the background and history of Diem, the launch of the U.
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