The anticipated Libra stablecoin, now rebranded as Diem, is due to launch this year. The cryptocurrency is largely responsible for pushing central banks into thinking seriously about digital currencies. Diem could bring many benefits to current payment systems as well as potential risks to the financial system. Christian Catalini, chief economist at the Diem association, discusses the launch of Diem, outlining the stablecoin’s key features and uses, the regulatory response and associated risks.
Christian Catalini, Chief Economist, Diem Association
Moderated by Bhavin Patel, Senior Economist, Head of Fintech Research, OMFIF
Read the commentary ‘Diem bridges banking and crypto worlds’ here.