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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Is Libra coin real?

Diem (formerly known as Libra) is a permissioned blockchain-based payment system proposed by the American social media company Meta Platforms. The plan also includes a private currency implemented as a cryptocurrency. The currency and network do not yet exist .

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