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Libra Rebrands to 'Diem' in Anticipation of 2021 Launch

The Libra Association is rebranding itself as Diem to distance itself from the original multi-currency stablecoin vision as it prepares for a possible 2021 launch.

By Nikhilesh De

Updated May 9, 2023, 3:13 a.m. Published Dec 1, 2020, 2:00 p.m.

Diem CEO Stuart Levey said the first stablecoin issued by the former Libra Association would be a dollar-backed token, which is pending FINMA approval.