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 ...

On Tuesday, the association formerly known as Libra rebranded as Diem. In an effort to assert the organization’s independence from Facebook as it prepares to launch, Diem wants to try to retcon ...

The Facebook-backed Libra Association is renaming itself to Diem, the organization announced Tuesday. The libra currency is also now called Diem, according to Reuters. The renaming follows Facebook's ...

First there was Libra, Facebook's ambitious project to create a Swiss-based, global digital currency. Then Libra was no more; following massive regulatory pressure, the project's scope was narrowed ...

This is the end of the line for Meta's crypto plans – at least for now. On Monday, the Diem Association announced it has sold its intellectual property (and other assets related to the running of Diem ...

It’s looking more and more likely that Diem, Meta’s ill-fated cryptocurrency previously known as Libra, will never actually materialize. The Diem Association is reportedly “weighing a sale of its ...

Diem, the ambitious crypto project funded by Facebook has collapsed. The Diem Association confirmed that it’s selling its assets to Silvergate, the bank that had previously partnered with the group, ...

In response to a letter from the U.S. calling on Facebook to halt its stablecoin and crypto wallet projects, Diem stated that it “is not Facebook. We are an independent organization.” Stablecoin ...

In June 2019, after years of being under scrutiny for the impact its platforms have on society, Facebook unveiled one of its most ambitious projects yet: a cryptocurrency called Libra, which would be ...

FILE - Facebook Chief Executive Officer Mark Zuckerberg, left, testifies before the House Financial Services Committee on Capitol Hill in Washington, about his plans for the new cryptocurrency Libra, ...

The Diem Association, a consortium of companies working on a blockchain-based payment system, is selling its technology assets to Silvergate Capital for $200 million, according to a report from the ...

Kevin Weil has previously said that the launch of the Facebook-backed stablecoin would be "a journey of years and decades." Kevin Weil, the vice president of product at Facebook's digital wallet unit ...