In order to create a stable cryptocurrency, Facebook announces that it is refocusing its digital currency project on the dollar. Thus, the cryptocurrency will become the “Diem

Diem, the project to create the private currency of the future concocted by Facebook will focus on the dollar and the United States. The aim is to create a stable cryptocurrency, the “Diem USD”, backed by the

Faced with government outcry and the complexity of such a project, Facebook had revised its ambitions downward. Diem will be a crypto whose price is stable (a “stablecoin”) and which will be backed by the dollar. A diem dollar (“diem USD”) will be worth 1 dollar.
Originally, this project had a global and pluralistic vocation. This ambitious initiative was initially aimed at creating a single major composite currency, but backed by a basket of currencies (dollar, euro, yen, pound sterling, etc.). He then considered launching several stable cryptos, each backed by a major currency (dollar, euro, pound sterling, etc.