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Diem to launch digital currency pilot later in 2021
source link: https://fintechranking.com/2021/04/20/diem-to-launch-digital-currency-pilot-later-in-2021/
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Diem to launch digital currency pilot later in 2021
The Diem Association is aiming to launch a pilot with a single stablecoin pegged to the U.S. dollar in 2021, according to CNBC.
Formerly known as Libra, the Facebook-backed digital currency project faced strong opposition from regulators and lost several key backers and executives.
At the same time, Diem has gone through a complete makeover and is now in talks with Swiss financial regulators to secure a payment license.
Read more: CNBC
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