What happened Libra cryptocurrency?

The application was made in April 2020, and approval may come as early as January 2021. The plan seems to be to initially launch Libra in the US and some Latin American countries . Many such cryptocurrency experiments are being considered.

In December 2020, Libra was rebranded as Diem , and Libra Association renamed Diem Association. As of December 2020, Diem Association has 27 members.

Stablecoin pilot The Diem Association, the Switzerland -based nonprofit which oversees diem’s development, is aiming to launch a pilot with a single stablecoin pegged to the U.S. dollar in 2021, according to a person familiar with the matter.20 Nis 2021