Is this the resurgence of a project that many consider was dead?
Today officially the project based on a stable coin offered by facebook, totally changes its image and objective.
DIEM, will be the new name of the stable coin offered by facebook which was previously known as LIBRA.
This change was born with the purpose of remove the asociation with Facebook Brand project and making it an independent organization, this in response to the constant regulatory pressure from the United States and the European Union on projects associated with cryptocurrencies.
Similarly, the wallet that was supposed to protect the funds changed its name from Calibra to Novi W.
It was also reported that the project seeks to offer a 1:1 relationship with the dollar and the euro, in addition to offering stable loans, based on the freezing of the price of btc but with relatively high interest rates.
Added to this is the rumor of a possible transfer of the main headquarters associated with the project, to a country with more flexible tax regulations where cryptocurrencies can operate without impediments.
What do you think about this? The loan system seems interesting to me.
Source: TheVerge