Facebook's Compromise: Can 'Diem' Without Libra's Original Ambitions Rival the US Dollar?

Libra, which has attracted considerable attention since its launch, has made major moves recently. On December 1st, information updated on Facebook's official website showed that the governance organization of the stablecoin project Libra, which it championed, announced that 'Libra' will be officially renamed to 'Diem'. Meanwhile, the Diem Association will be responsible for operating this digital currency plan and is preparing to launch a stablecoin pegged to the US dollar in 2021.