Facebook reportedly ditches Diem stablecoin with asset sale by @TechCrunch

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From the beginning, the Libra Association faced strong opposition from regulators and central banks. Many thought that Libra would compete with sovereign currencies with profound macroeconomic effects. It could have led to shadow banking, inflation and would have been a way to escape monetary policies.

Source: Facebook reportedly ditches Diem stablecoin with asset sale | TechCrunch

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