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Diem, Meta’s stablecoin project, officially shuts down

Diem sold its intellectual property and other assets to Silvergate Capital for $182 million.
Per Diem CEO Stuart Levey, Diem and its subsidiaries will wind down over the next few weeks.
Silvergate Capital intends to use the assets it acquired to launch its stablecoin project this year.

February 1, 2022

Diem mulls selling assets in what might be the end of the stablecoin project

January 26, 2022

Facebook explores integrating NFT functionalities into its Novi wallet

August 25, 2021

Trending news

Market analysis

Facebook’s Libra project: where do we stand?

May 17, 2020

More breaking stories

Facebook’s Novi Wallet is ready to enter the market, David Marcus says

Facebook’s Novi Wallet is ready to enter the market, David Marcus says August 19, 2021

US financial regulators voice concerns over Tether and Facebook’s Diem

US financial regulators voice concerns over Tether and Facebook’s Diem July 28, 2021

Facebook’s Libra changes name to Diem

Facebook’s Libra changes name to Diem December 2, 2020

Libra Association appoints former OCC prosecutor as general counsel

Libra Association appoints former OCC prosecutor as general counsel November 26, 2020

G7 will not allow Libra to go live before proper regulations

G7 will not allow Libra to go live before proper regulations October 13, 2020

Blockchain Capital joins Facebook’s Libra Association

Blockchain Capital joins Facebook’s Libra Association September 19, 2020

Libra Association appoints Stevan Bunnell as its general counsel

Libra Association appoints Stevan Bunnell as its general counsel August 27, 2020

Fed economists feel that Libra would not have lived up to the hype

Fed economists feel that Libra would not have lived up to the hype June 23, 2020

Facebook’s Libra project: where do we stand?

Facebook’s Libra project: where do we stand? May 17, 2020

Singapore-headquartered Temasek Holdings joins the Libra Association

Singapore-headquartered Temasek Holdings joins the Libra Association May 15, 2020

The Libra Association appoints Stuart Levey as its first CEO

The Libra Association appoints Stuart Levey as its first CEO May 7, 2020

Facebook’s Calibra team explains a new method for BTF testing

Facebook’s Calibra team explains a new method for BTF testing April 25, 2020

Dfinance launches a VS Code extension to help develop Libra apps using Move

Dfinance launches a VS Code extension to help develop Libra apps using Move April 20, 2020

Facebook announces Libra changes: The wallet will be more inclusive

Facebook announces Libra changes: The wallet will be more inclusive March 4, 2020

Libra Association loses yet another member — Vodafone

Libra Association loses yet another member — Vodafone January 22, 2020

ECB’s policymaker encourages EU banks to fight Libra with a cheaper payment solution

ECB’s policymaker encourages EU banks to fight Libra with a cheaper payment solution January 3, 2020

Libra Association’s Bison Trails receives a $25.5 million-large investment

Libra Association’s Bison Trails receives a $25.5 million-large investment November 20, 2019

China joins the list of countries to ban Libra operations

China joins the list of countries to ban Libra operations October 29, 2019

Facebook’s CEO, Mr. Mark Zuckerberg, to testify before Congress on Wednesday

Facebook’s CEO, Mr. Mark Zuckerberg, to testify before Congress on Wednesday October 23, 2019

Senator Ross – U.S Securities Act Is Obsolete; Supports Libra Cryptocurrency

Senator Ross – U.S Securities Act Is Obsolete; Supports Libra Cryptocurrency October 18, 2019

Visa, MasterCard, Stripe, & eBay Announce Their Departure From Libra Association

Visa, MasterCard, Stripe, & eBay Announce Their Departure From Libra Association October 12, 2019

PayPal Declared Its Departure From Libra Association

PayPal Declared Its Departure From Libra Association October 4, 2019

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