Circle Brings on Former Libra Vice Chair Dante Disparte in Potential Blow to Facebook Stablecoin Effort
Disparte will help Circle's global expansion efforts, CEO Jeremy Allaire wrote in a blog post.
Facebook unveiled the Libra project a little over two years ago today. The original vision may have died but its legacy will live on.
To change global payment rails, "you probably need to be a cowboy if you're a startup," Morgen Beller said.
Most states in the U.S. have approved the product.
Diem, the latest iteration of Facebook's ambitious Libra project, had to make multiple concessions to calm the regulators. Chief Economist Christian Catalini explains the evolution.
Diem is moving its "primary operations" from Switzerland to the U.S.