Source: South China Morning PostDigital currency group Diem Association, formerly known as Facebook Inc’s Libra project, plans to launch a US dollar stablecoin as it scales back its global ambitions to focus on the United States, the group said on Wednesday.The association, which comprises 26 financial firms and non-profits, said it was relocating its main operations from Switzerland to the United States and withdrawing its payment system licence application with the Swiss financial regulator.Diem Networks US, a unit of the…Read More