- The Facebook-backed Diem Association hopes to launch its stablecoin payment project sometime this year, awaiting regulatory approval
- Diem has made a spree of strategic executive hires to emphasize the Diem Association's independence from Facebook.
- The Block has mapped out the Diem Association's organizational structure and has highlighted the leadership of each of these compartments, including past work experience.
Facebook caught the crypto/blockchain sector's attention, regulators, and lawmakers alike when it first announced its blockchain initiatives, originally dubbed Libra. Libra, now rebranded to Diem, originally had aspirations of issuing a digital stablecoin backed by a basket of different global currencies. Since then, the project has toned down its design to a single dollar-backed digital [ ]
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