Diem


Tech

Ex-Head of China's Digital Yuan Effort Says CBDCs Could Operate on Ethereum

Central bank digital currencies will one day be more "smart," and not merely digital versions of cash, Yao Qian said.

Yao Qian, director of the Science and Technology Supervision Bureau of the China Securities Regulatory Commission

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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Markets

About 80% of Central Banks Are Exploring CBDC Use Cases, Bison Trails Report Says

The potential launch of private cryptocurrencies such as the Facebook-backed Diem is motivating central banks to develop CBDCs, the report noted.

globeshadow

Markets

Facebook-Backed Diem Partners With Silvergate Bank to Issue US Dollar Stablecoin

Diem is moving its "primary operations" from Switzerland to the U.S.

Diem Association CEO Stuart Levey

Videos

Facebook-Backed Diem Aims to Launch Stablecoin Pilot in 2021

After several delays, the Facebook-backed Diem project, formerly known as Libra, could launch a digital currency stablecoin pilot this year. “The Hash” panel gets into the details of the product and what it means for the world of crypto.

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Markets

Facebook-Backed Diem Aims to Launch Stablecoin Pilot in 2021: Report

The pilot would see a single stablecoin pegged to the U.S. dollar.

Diem stablecoin pilot

Markets

Facebook-Led Diem Could Become White-Label CBDC Provider: Citi Report

The Diem white paper suggests the company would be open to discussions with central banks about providing this service.

Blueprints

Videos

Understanding the Challenges of Developing a Financially-Inclusive Crypto Payments Platform

Dante Disparte, Chief Strategy Officer at Circle, comments on Turkey's crypto payments ban and the outlook for stablecoins, including Circle's popular USD Coin (USDC). Also, does Coinbase going public affect Circle's partnership with the exchange? And what are his thoughts about Facebook-backed Diem (formerly known as Libra) looking back on his earlier work as a leader of that project? Disparte shares what he learned about regulatory concerns and how Circle is focused on a similar mission, bringing crypto to the unbanked.

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