Zuckerberg’s Diem reportedly weighing sale after stablecoin plans falter -Breaking
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Meta-backed crypto initiative “Diem” is reportedly trying to sell its assets, seemingly calling time on Facebook (NASDAQ:) founder Mark Zuckerberg’s grand ambitions for a stablecoin to act as the internet’s currency.
Diem — which was Libra was previously called — is Meta Platform’s cryptocurrency initiative. AccordingAccording to Bloomberg insiders, the company is looking at selling assets in order to return capital for its investors.
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