Tag Archives: Diem (Libra)

The Diem Association announced a strategic partnership with the crypto-friendly US bank – Silvergate Bank. Consequently, both parties plan to launch a stablecoin pegged to the American dollar. Additionally, the Association will relocate from Switzerland to the United States. A New Home for Diem The blockchain-based payment system Diem, launched by the social media behemoth Facebook, announced a new model of its impending stablecoin. The project – formerly known as Libra –...

The giant social media continues to stir controversy even when it’s trying desperately to avoid it. Just a week after Facebook renamed Libra to Diem (meaning “day” in Latin), the company could be facing a lawsuit from a London-based fintech app with the same name.CryptoPotato reported last week that Facebook changed the name of its future cryptocurrency in another attempt to escape from all the regulatory hurdles in its way. However, it seems that the Association behind the project has chosen...