The crypto assets project supported by Facebook has been renamed to Diem

According to the latest news, the cryptocurrency project previously initiated and supported by Facebook has been renamed "Diem." This renaming aims to highlight the project's independence in order to gain approval from regulatory authorities.

The Diem Association, based in Geneva, is the main driving force behind this name change. The association's CEO, Stuart Levy, stated that the purpose of the renaming is to emphasize the simplicity and completeness of the project's structure.

It is worth noting that "Diem" means "day" in Latin. Livy added that the main goal of the project at this time is to launch a digital currency backed by a single dollar.

Regarding the specific listing time, Liwei has not disclosed detailed information. However, some media reports suggest that the project may launch as early as January next year, provided it receives approval from the Swiss market regulator.

This renaming action reflects that the crypto assets project is striving to adapt to the regulatory environment and trying to maintain a certain distance from its original initiators. As the project develops, the industry will closely observe whether Diem can successfully obtain regulatory approval and its future performance in the digital currency sector.