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Six years is certainly a long time in crypto. But Libra (later Diem) might’ve felt right at home in the current agreeable atmosphere in the US.

Back then, Meta (still Facebook) had its own blockchain subsidiary, Calibra, that was pushing to launch a new type of cryptocurrency pegged to a basket of various fiat with a floating value.

The Calibra wallet was meant to be integrated with WhatsApp and Messenger and promised to let users send money to each other with practically zero fees. Libra, the token, was also intended to be used for e-commerce on Facebook.

Libra was mostly styled as a…

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