Libra


Finance

Libra Rebrands to 'Diem' in Anticipation of 2021 Launch

The Libra Association is rebranding itself as Diem to distance itself from the original multi-currency stablecoin vision as it prepares for a possible 2021 launch.

Diem CEO Stuart Levey said the first stablecoin issued by the former Libra Association would be a dollar-backed token, which is pending FINMA approval.

Marchés

Libra Plans Dollar-Pegged Stablecoin Launch in January 2021: Report

Libra might eventually get off the ground as early as January albeit in a more limited format.

Facebook Libra

Marchés

German Finance Minister Says He Does Not Support Private Cryptos: Report

Olaf Scholz said banks need to adapt for a digital world but seemed to rule out private digital currencies from that future.

German Finance Minister Olaf Scholz

Marchés

From PayPal to Libra: Big Tech Has Forced Central Banks to Wake Up to CBDCs, Says Benoit Coeure

Libra was the final wake-up call for central banks that prompted serious consideration of digital currency issuances, according to the head of the BIS Innovation Hub.

Benoit Coeure, head of the BIS Innovation Hub

Juridique

FSB Recommends Stablecoin (Libra) Safeguards as G7 Continues Blockade

Finance officials never once named libra. But they didn't have to; the proposed stablecoin's shadow still looms large.

Regulators have effectively placed "global stablecoin projects" (read: libra) under siege.

Marchés

Facebook's Libra Co-Founder Morgan Beller Departs to Return to VC

Beller, 27, will become a general partner at NFX. She'd worked at a16z before joining Facebook.

Morgan Beller, general partner at NFX

Marchés

European Ministers Call on EU Commission to Regulate Stablecoins

Finance ministers from five European countries have called on the EU Commission to introduce tough regulation for stablecoins.

(Shutterstock)

Finance

Libra Taps Ex-Homeland Security General Counsel as New Legal Chief

The new general counsel is Libra's second in just three months.

Facebook Libra

Marchés

Facebook Taps David Marcus to Lead Payments Initiatives

Marcus will continue running Libra's Novi digital wallet as he takes on Facebook Financial.

David Marcus is the co-creator of the Facebook-backed libra stablecoin. (CoinDesk archives)

Marchés

Federal Reserve Is Rushing to Get Its Instant Payments Offering Ready

COVID-19 proved the need for FedNow, even though the U.S. central bank admits the service is still years away.

Federal Reserve Board Governor Lael Brainard (Shutterstock)