Facebook’s Diem stablecoin is an existential threat to traditional banking
Stablecoins, such as the one by Facebook, represent a much more direct challenge to fiat money and central bank digital currencies than do the first generation of crypto assets.
5 Dec 2020 ... Diem, formerly known as Libra, is the most high-profile stablecoin. It has been discussed since Facebook first announced its intentions back in ...