Facebook-backed Diem Association may be close to dissolving
It’s looking more and more likely that Diem, Meta’s ill-fated cryptocurrency previously known as Libra, will never actually materialize. The Diem Association is reportedly “weighing a sale of its assets as a way to return capital to its investor members,”It’s unclear what assets the Diem Association owns, but the report notes the group is talking to bankers about selling its intellectual property and finding"a new home for the engineers that developed the technology.
If a sale were to happen, it would seem to be the final nail in the coffin for Diem, the cryptocurrency project that Mark Zuckerberg has
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