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08.11 - 17:37
Facebook Metaverse Drive Could See Diem Stablecoin Play a Key Part
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Facebook’s decision to partner with the crypto exchange Coinbaseon its pilot for the digital wallet Novi is attracting scrutiny from tech, political, and crypto observers – and some are starting to believe that the long-awaited Diem stablecoin project may soon play a key role as the company continues its drive toward a metaverse-themed future.
As reported yesterday, Coinbase will provide custody and cold storage services to a select number of users, making use of the Pax Dollar (USDP) stablecoin in Guatemala and the United States.
But as Facebook pivots toward the metaverse, the signs are pointing toward a future that will likely involve a combination of virtual worlds and Diem.
Facebook’s founder Mark Zuckerberg started talking up his
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