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While Diem has not yet stablecoins are yet available for Diem as needed in response of money," including tokens pegged token will be backed by.
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Why Facebook's Libra Faces a Tough Road to Becoming a Crypto Giant - WSJDiem was a permissioned blockchain-based stablecoin payment system proposed by the American social media company Facebook. The plan also included a private currency implemented as a cryptocurrency. The launch was originally planned to be in Facebook's former crypto head and Diem co-creator David Marcus said on Twitter the idea might fare better with a more "acceptable" promoter. After sustained opposition in Washington, Facebook is shuttering its Diem cryptocurrency project after a years-long effort to push into one.
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