đ§ Major Diem / Crypto Tech Developments
đ Meta is reportedly exploring stablecoins again, three years after abandoning the original Diem cryptocurrency project. Meta (formerly Facebook) is in talks with crypto firms to potentially launch stablecoins for payouts and financial features on its platforms. This marks renewed interest in digital assets after the earlier Diem project was shut down due to regulatory challenges.
đ Market & Token Updates
đ A token called âDIEMâ tied to AI compute on the Venice AI platform has recently posted strong gains, rising about 120% over the past month as demand for tokenized AI use grows. This DIEM is a new type of crypto token (not the Meta Diem) designed to give holders access to AI compute credits.