What is considered a stablecoin?

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.

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What is Libra now called?

In December, Libra rebranded as Diem in a renewed effort to gain regulatory approval, with its scope scaled back further to a single dollar-backed digital coin. Currently, Facebook’s digial wallet Novi is one of Diem’s 26 members and a minority investor.

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