The Facebook-backed Diem Association plans to launch a new stablecoin tied to the U.S. dollar in 2021. Formerly known as Libra, the digital currency project faced years of pushback from regulators, with key figures deeming the project a failure months after the first white paper launched. So how is Diem getting its previous detractors on board? CNBC’s Joumanna Bercetche spoke to Diem’s chief economist Christian Catalini about what has changed, and what the new coin could mean for consumers.
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Francisco Gimeno - BC Analyst Diem (the old Libra) of Face book is here again. Is going to be launched in 2021 as they say tied to the US$? In any case, Western countries will look at it very carefully due to trust issues with Facebook data handling. However, the world is changing: the digital Yuan is going to be ubiquitous, and if allowed, Diem and other global currencies will be around. Imagine the consequences for the economy and finances of the world.