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How the Facebook digital currency dream has changed

The Facebook-backed Diem Association plans to launch a new stablecoin tied to the U.S. dollar. Formerly known as Libra, the digital currency project faced years of pushback from regulators. So how is Diem getting its previous detractors on board? CNBC's Joumanna Bercetche spoke to Diem's chief economist Christian Catalini about what the new coin could mean for consumers. *Diem has since withdrawn its license application in Switzerland shortly after the publication of this video.
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