Sources speaking on the condition of anonymity also said the team is looking to raise $200 million with the help of Andreessen Horowitz and other venture firms to that end. While the new project will have large overlap with prior work, non-fungible tokens, rather than cross-border payment, are expected to be the focus.
Estimated reading time: 0 minutes, 29 seconds
Scrapped Meta Stablecoin Project May Have New Life
In the wake of Facebook’s scrapped stablecoin project, a team of those who worked on the project announced a new plan to take it “into the wild” and possibly breathe life into the Diem blockchain. So reports CoinDesk.
Most Read
-
-
Apr 27 2019
-
Written by FinTech News Brief Staff
-
-
-
Sep 03 2020
-
Written by FinTech News Brief Staff
-
-
-
Jan 09 2019
-
Written by FinTech News Brief Staff
-
-
-
Sep 21 2018
-
Written by Jacob Roberts
-