A stablecoin is a cryptocurrency whose value is fixed to another asset , often currencies such as the U.S. dollar or the euro, though other assets are possible. This kind of crypto coin tracks the underlying asset, making its value stable over time, at least relative to the currency it’s pegged to.
Read moreIs Diem owned by Facebook?
A once-ambitious but now faltering Facebook-backed digital currency project known as Diem is dead, its assets sold to bank holding company Silvergate Capital . Silvergate and the Diem Association announced the sale on Tuesday. Meta, which owns Facebook, did not immediately respond to a message for comment.
Read moreIs Diem crypto dead?
NEW DELHI: Meta, formerly Facebook, may have abandoned the Diem cryptocurrency project, but it isn’t quite done with blockchain-based payments yet.
Read moreWhat happened Diem crypto?
Meta’s experiment with cryptocurrency, Diem, is shutting down . The Diem Association, which runs the project, announced the sale of assets of the cryptocurrency venture to Slivergate Capital Corporation for $182million. Launched as Libra in 2019, the project quickly ran into opposition from policy-makers.
Read moreWhat is Libracoin?
Facebook has recently announced its long-awaited cryptocurrency, Libra Coin which will be backed by low-volatility financial assets to maintain stability. The cryptocurrency, Libra will allow people to buy things at local grocery stores or transfer money to others with nearly zero fees.
Read moreHow much is Diem Libre?
DiemLibre Statistics DiemLibre Price (24hr)$0.005476 -2.62%Trading Volume (24hr)$370 -58.41%Transparent Vol. (24hr)$370.00100% -58.41%Transparency Grade(Transparent)Circulating SupplyUnknown$DLB – DiemLibre Price, Charts, All-Time High, Volume & Markets nomics.com › assets › dlb2-diemlibre
Read moreCan I buy Libra coin now?
Starting in 2020, you’ll be able to purchase Libra through Libra wallet apps on your phone or from some local grocery and convenience stores . You cash in your local currency like dollars and get nearly the same number of Libra coins, which are represented by this wavy three-line emoji instead of the $ symbol.
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