Browsing: Diem

What is Diem?

The Libra Association put together by Facebook rebranded to Diem in 2020 after facing a regulatory backlash. Diem plans to issue a single stablecoin pegged to the US dollar, contrary to the earlier plans of Libra to issue a series of stablecoins backed by individual traditional currencies, as well as a token based on the currency-pegged stablecoins. Diem has built a blockchain-based payment system to support financial inclusion and financial services innovation.

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