© 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.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Read More: Zuckerberg’s Diem reportedly weighing sale after stablecoin plans