Libra News

The algorithmic stablecoin ban has sparked a range of arguments in the crypto industry, as it is being seen as a watershed moment.

“Since departing Meta (formerly Facebook) we have been able to put our ideas into motion, ditch bureaucratic red tape, and build an entirely new network,” Aptos stated.

It only took Libra/Diem two years to come full circle from publishing its white paper to falling apart.

Dorsey said that although Facebook probably started Diem for “the right reasons,” it should’ve used an open-ended protocol like Bitcoin rather than attempting to create its own currency.

The Diem stablecoin project is shutting down after more than two years of efforts to launch the digital currency.

It looks like Meta is planning to jump ship, with inside sources saying that the crypto initiative is trying to sell its assets.

While built on the idea of connectivity, the Metaverse could instead break the internet apart, but the solution lies in how the business is done.

Facebook’s Novi wallet lets users send and receive a dollar-pegged stablecoin, but not hold it.

There are two big questions on everyone’s lips now: What exactly is Facebook’s Diem, and what it will offer its potential 2 billion users?

“When you have a good crypto wallet like Novi will be, you also have to think about how to help consumers support NFTs,” Facebook’s David Marcus said.

Marcus shares his honest thoughts on the crypto market, as well as declaring that Novi is ready to launch.

Stablecoins use a variety of techniques to keep their value fixed, generally to a specific fiat currency like the U.S. dollar.

Facebook-initiated Diem Association announces a new model of its upcoming stablecoin that is set to be issued by California state-chartered bank Silvergate.

A close look at the policy issues relating to the potential impact of stablecoins on financial systems and economies around the world.

Kevin Weil has previously said that the launch of the Facebook-backed stablecoin would be "a journey of years and decades."