Libra project undergoes rebrand, distancing itself from Facebook

After being put together by Facebook last year, the Libra Association is rebranding with a new name as the group looks to distance itself from the social media giant’s original vision for a new digital cryptocurrency.

The group, which is made up of 27 member firms, announced that it will transition to its new name Diem (Latin for day) as it prepares to launch a single, dollar-pegged stablecoin in 2021.

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