Zuckerberg’s Stablecoin Project Goes on Sale
Burc Oran
January 26, 2022
diem

It has been stated that Mark Zuckerberg is preparing to sell assets in the controversial crypto money project Diem, which he once defended in front of members of Congress in the USA.

Diem, a crypto money startup supported by Meta and previously called Libra, plans to repay its investors by selling its assets.

According to reports, Zuckerberg is talking with investment banks to turn all the remaining assets of Diemcoin, the ambitious crypto money of the period, into cash.

When Meta’s Facebook introduced its stable digital currency in 2019, it announced its cooperation with many companies and set out to take its place in global financial services but failed to protect the project from international regulations.

After the Facebook boss of the time, Mark Zuckerberg was called to testify to Congress about the project, some partners left the project, and its name was changed to Diem.

While it’s unclear how potential buyers will value Diem’s intellectual property rights, sources say the talks are at an early stage, and it’s not certain that Diem will find a buyer.

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