PayPal has pulled out of Facebook’s digital currency project, known as Libra, a blow to the social media company that has faced stronger-than-expected scrutiny over its proposed creation of an ...

Facebook is now facing an exodus of companies from its Libra cryptocurrency effort. Mastercard, eBay, Visa and Stripe, a payments platform, all confirmed on Friday that they would not be members of ...

David Marcus, the former head of Facebook’s blockchain project Libra—later rebranded as Diem—has revealed that political opposition ultimately doomed the ambitious stablecoin initiative. In a detailed ...

Facebook’s Libra stablecoin was going to let anyone, anywhere, transact money over the internet. A basket of fiat currencies would ensure Libra’s price stability, while a group of 28 varied companies ...

Facebook’s plan was remarkably ambitious. The company aimed to create a stablecoin called Libra that would facilitate borderless transactions while avoiding the speculative nature of traditional ...