Zuckerberg’s Diem reportedly weighing sale after stablecoin plans
© Reuters.
Meta-backed crypto initiative “Diem” is reportedly trying to sell its assets, seemingly calling time on Facebook (NASDAQ:) founder Mark Zuckerberg’s grand ambitions for a stablecoin to act as the internet’s currency.
Diem — which was previously known as Libra — is Meta Platform’s cryptocurrency initiative. According to insider sources speaking with Bloomberg, it is considering selling assets to return capital to its investors.
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