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Diem tells Senators on the warpath over Novi: We're not actually Facebook
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Stablecoin project Diem has distanced itself from its Facebook in response to Democrat Senators calling for the immediate cessation of the firm’s Novi crypto wallet.
Diem also claimed senior regulators had called it “the best-designed stablecoin project that the U.S. government had seen.”
In an Oct. 19 letter sent to Facebook CEO Mark Zuckerberg, the Senators including crypto critic Elizabeth Warren, voiced their “strongest opposition to Facebook’s revived effort to launch a cryptocurrency and digital wallet.”
Earlier that day the Novi wallet was launched in partnership with Coinbase, with a pilot in the U.S. and Guatemala to enable users to buy, send and receive Pax Dollars (USDP) through their Novi account.
Diem’s response to the letter
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