Developments of Facebook

You all remember the stablecoins hype back in 2020? You would have mistaken it for a new concept in the crypto space, but stablecoins have been here for a while. Tether, one of the earliest stablecoins, was launched back in 2015. The stablecoin concept is an idea aimed at addressing the volatility of cryptocurrencies. So basically, stablecoins are cryptocurrencies pegged to a conventional asset. Formerly known as Libra, Diem is a stablecoin co-championed by the social network giant Facebook. The…