Diem to launch digital currency pilot later in 2021
The Diem Association is aiming to launch a pilot with a single stablecoin pegged to the U.S. dollar in 2021, according to CNBC.
Formerly known as Libra, the Facebook-backed digital currency project faced strong opposition from regulators and lost several key backers and executives.
At the same time, Diem has gone through a complete makeover and is now in talks with Swiss financial regulators to secure a payment license.
