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From Libra to Diem: Facebook-Backed Crypto Project Changes Name

Facebook-Backed Crypto Project Changes Name |

Goodbye Libra and hello Diem. Facebook’s cryptocurrency project on Tuesday (Dec. 1) unveiled a new name as it seeks to put some distance between itself and its powerful but controversial Big Tech sponsor. Taking a page from one of the world’s oldest languages, the Libra Association will now call itself the Diem Association, after the Latin word for “day.”