Facebook’s digital currency to finally launch in Q1

Facebook's digital currency to finally launch in Q1
  • Facebook’s digital currency plans have undergone a number of iterations over the past few years.
  • Here’s why it will finally launch in the first quarter.
  • Insider Intelligence publishes hundreds of information, charts and forecasts on the Fintech industry. Learn more about how to become a customer.

Facebook’s digital currency project Before known as Libra, plans to launch a US dollar backed stablecoin towards the end of this quarter, by Coindesk. It will be issued via a blockchain-based payment system governed by the Diem Association, which last announced its launch in January 2021, by TechCrunch.

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