Facebook’s controversial crypto project is for sale

[mlawson71]

Facebook had great plans and great hopes for its Libra stablecoin project, but in the end, that project amounted to nothing.
According to recent reports, the Libra project, which was later renamed to the Diem project, is now apparently over. The Diem association, which was developing the project, is now in talks with various investment banks, seeking to sell its intellectual and other assets. What is more, the Diem Association is also apparently looking to relocate the software architects who created the Diem technology to different positions.
It appears that the Association is selling off its assets in order to return sufficient capital to its initial investors.
Source
Frankly, I think that project was doomed from the start – the pushback against it from various financial and political institutions was monumental. I’m just surprised it took this long to end.

[Fenix]

I don't know why it's news to you today that the Diem Association, which developed the Libra/Diem stablecoin project, is now negotiating with various investment banks to sell their intellectual and other assets.
  His assets were recently sold by Zuckerberg to Silvergate Capital Corporation for $182 million. Apparently, this bank wants to revive this project. Without being tied to Facebook, it will not be difficult for him.