The appearance of Libra / Diem has nothing to do with the state of prices in the cryptocurrency market. Governments and their regulators have feared the growing power of Facebook and the potential for abuse with the combined data of its users. Therefore, this stablecoin, which has not yet been issued, still has certain difficulties with the future circulation. To get away from the US regulator, Libra is registered in Switzerland with the name Diem, but recently one of the companies in England announced that they have been using their cryptocurrency with the same name Diem for a long time. Zuckerberg was out of luck again.