In an attempt to get on regulators’ good books, Facebook’s stablecoin project, Libra, has been rebranded to Diem. Libra Gets a New Name According to Reuters on Tuesday (Dec.1, 2020), the Libra project underwent a name change and would now be known as “Diem”. The rebranded name comes from Latin which means “day”. Stuart Levey,
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Facebook’s long-awaited Libra might just see the light of day following reports that the first dollar-backed stablecoin could launch in January 2021. However, the launch date would be determined by an approval from the Swiss financial regulator. A Downgraded Libra Stablecoin to Launch in Early Q1 2021 According to the Financial Times on November 27,
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