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Facebook-backed Diem Association reportedly to launch stablecoin pilot in 2021

Published 04/20/2021, 05:10 AM
Updated 04/20/2021, 07:00 AM
Facebook-backed Diem Association reportedly to launch stablecoin pilot in 2021

Facebook-backed digital currency project Diem could yet launch its first stablecoin in 2021 as a small-scale pilot, according to an anonymous source.

Cited in a CNBC report published on April 20, the source claimed that the Switzerland-based nonprofit The Diem Association is still intending to launch its pilot for a United States dollar-backed stablecoin later this year.

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