Christian Catalini


Markets

Diem Co-Creator Says Original Plan for Stablecoin Was 'Naive'

Diem, the latest iteration of Facebook's ambitious Libra project, had to make multiple concessions to calm the regulators. Chief Economist Christian Catalini explains the evolution.

Diem co-creator Christian Catalini said the original vision for the stablecoin may have been "naive."

Videos

Diem Scales Back, Sets Eyes on a US-Backed Stablecoin

Diem, the cryptocurrency formerly known as Libra, started off with ambitions to create a global crypto tied to a basket of currencies from around the world, but Diem has since transitioned to a new model to develop a U.S. dollar-based stablecoin. Its headquarters is moving from Switzerland to the U.S. Christian Catalini, Diem's co-founder joins "First Mover" to provide an update on the project.

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