David Marcus, the former head of Facebook’s blockchain project Libra—later rebranded as Diem—has revealed that political opposition ultimately doomed the ambitious stablecoin initiative. In a detailed ...

PayPal has pulled out of Facebook’s digital currency project, known as Libra, a blow to the social media company that has faced stronger-than-expected scrutiny over its proposed creation of an ...

Facebook’s plan was remarkably ambitious. The company aimed to create a stablecoin called Libra that would facilitate borderless transactions while avoiding the speculative nature of traditional ...