Libra Rebrands to ‘Diem’ in Anticipation of 2021 Launch
The Libra Association is rebranding itself as Diem to distance itself from the original multi-currency stablecoin vision as it prepares for a possible 2021 launch.
Central bank digital currencies would largely benefit countries if they work together to eliminate traditional banking frictions, a research note said.
A stablecoin is a type of cryptocurrency whose value is tied to an outside asset, such as the U.S. dollar or gold, to stabilize the price.
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German Finance Minister Olaf Scholz took aim at the rebranded lDiem and said it would take more than cosmetic changes to smoothen regulatory concerns.
The world's largest audio streaming service is on the hunt for a new associate director to lead its activity within the libra stablecoin project.