Facebook Working on Developing Diem Stablecoin

in #facebook3 years ago

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Social media platform Facebook, the entity that backs Diem, is also working on launching a stablecoin called Diem. While doing so, it is also building up support for Facebook Pay. Facebook’s goal for Diem has always been to develop it into a global payments system. Facebook previously downgraded the platform to fund transfers between Facebook users after increased regulatory scrutiny.

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