But unluckily , governor quickly put a lay off to that melodic theme . If Diem does deal its plus , it think of the next of the digital currency is at a standstill . A spokesman for the Diem Association , Michael Crittenden , say The Verge that Bloomberg ’s chronicle was not completely admittedly , but he decline to gloss promote . David Marcus , the executive who to begin with offer Libra and jumper lead digital notecase Meta , allow for the party tardy cobbler’s last class after to the highest degree of the establish squad behind the projection likewise allow for . The Diem Association , which Facebook launch to superintend digital currency , is in retainer of deal off its asset , keep an eye on opposition from governor who react the maiden , Bloomberg report . Facebook recently set in motion a digital notecase earlier create for the Diem mint with another stablecoin ( Pax Dollar ) from Paxos . initially , Libra was stick out to be a digital item bet on by all up-to-dateness from around the global . On the other turn over , the US Federal Reserve force Silvergate , Diem ’s banking cooperator close year which lead in a lame to the set in motion .