Saturday, August 13, 2022
HometechnologyFacebook-backed Diem aims to launch digital currency pilot later this year

Facebook-backed Diem aims to launch digital currency pilot later this year

  • The Diem Association is aiming to launch a pilot with a single stablecoin pegged to the U.S. dollar in 2021, according to a person familiar with the matter.
  • Formerly known as Libra, the Facebook-backed digital currency project faced strong opposition from regulators and lost several key backers and executives.
  • At the same time, Diem has gone through a complete makeover and is now in talks with Swiss financial regulators to secure a payment license.

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