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Zuckerberg's Diem reportedly weighing sale after stablecoin plans falter

Published 01/25/2022, 09:07 PM
Updated 01/25/2022, 10:40 PM
© Reuters.

Meta-backed crypto initiative “Diem” is reportedly trying to sell its assets, seemingly calling time on Facebook (NASDAQ:FB) founder Mark Zuckerberg’s grand ambitions for a stablecoin to act as the internet’s currency.

Diem — which was previously known as Libra — is Meta Platform’s cryptocurrency initiative. According to insider sources speaking with Bloomberg, it is considering selling assets to return capital to its investors.

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