All posts tagged "Stuart Levey"

Libra is no more, as the ambitious token, pegged to a basket of currencies, is distancing itself from Facebook and focusing on a USD backed Stablecoin, called Diem. The project is focused on complying with regulations: “The Diem project will provide a simple platform for fintech innovation to thrive and enable consumers and businesses to conduct instantaneous, low-cost, highly secure transactions,” said Stuart Levey, the Diem Association’s CEO. “We are committed to doing so in a way that promotes financial inclusion – expanding access to those who need it most, and simultaneously protecting the integrity of the financial system by deterring and detecting illicit conduct. We are excited to introduce Diem – a new name that signals the project’s growing maturity and independence.” Remaining and new members of the Diem Association include: Andreessen Horowitz, Blockchain Capital, Coinbase, Lyft, Shopify, Slow Ventures, Spotify, Thrive Capital, Uber, Union Square Ventures, and Xapo.

Blockchain Beach

All posts tagged "Stuart Levey"

News

Facebook’s Libra Rebrands to ‘Diem’ and Prepares for Stablecoin Launch