Three years ago, Facebook (now Meta) loudly announced a whitepaper for Libra, the company’s cryptocurrency project, which attracted worldwide attention. This also made Libra a key target of state regulators across the globe. Facing intensive regulatory scrutiny, Libra struggled as it sought growth and was renamed Diem just one year after its launch. However, the name did not bring any good luck to the project. Diem was eventually acquired by Silvergate, a US-based bank in 2022, and the projec...