What Facebook’s Stablecoin Pivot Needs To Succeed

What Facebook’s Stablecoin Pivot Needs To Succeed

Facebook’s Diem, formerly Libra, has dramatically reduced its ambitions from creating a single global stablecoin backed by a basket of traditional currencies to releasing a set of digital tokens collateralized by each individual currency. However, in facilitating this strategic shift, it has created new opportunities for growth.

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