According to @6529Guardian, the EU would have been better off accepting and regulating Libra, highlighting the policy trade-offs around global stablecoins and market structure (source: @6529Guardian on X, 9 Sep 2025). Libra rebranded to Diem in 2020 and subsequently sold its assets in 2022 after sustained regulatory opposition, effectively ending the project (source: Diem Association announcement, 1 Dec 2020; Diem Association press release, 31 Jan 2022). The EU instead implemented MiCA, with stablecoin provisions applying from 30 June 2024 that require issuer authorization, robust reserves, redemption at par for e-money tokens, and EBA/NCA supervision (source: Regulation (EU) 2023/1114, Official Journal of the European Union, 9 June 2023). MiCA limits offering and marketing of stablecoins in the EU to authorized issuers and sets disclosure, governance, and risk-management standards, reshaping which stablecoins can be listed on EU-facing platforms (source: Regulation (EU) 2023/1114, Titles III and IV; European Banking Authority supervisory statements, 2024). Stablecoins serve as core settlement rails for crypto trading, so regulatory constraints directly affect BTC and ETH order-book liquidity and spreads on exchanges (source: Bank for International Settlements Quarterly Review, September 2022, Stablecoins: risks and regulation; European Central Bank Financial Stability Review, 2023). Issuers have adjusted: Circle secured an e-money institution license in France in 2024 to bring USDC and EURC under MiCA, reinforcing euro-denominated stablecoin rails for EU participants (source: Circle press release, 1 July 2024; Autorité de Contrôle Prudentiel et de Résolution announcement, 1 July 2024).

According to @LexSokolin, Christian Catalini, the architect of Facebook’s Libra (Diem), detailed the problems a Stripe led Libra style consortium could face and argued that permissionless, public networks are the better choice. Source: Lex Sokolin on X, Sep 5, 2025. This view favors exposure to open blockchain networks over permissioned stablecoin consortia and is relevant for positioning across BTC and ETH during decentralization in payments narratives. Source: Lex Sokolin on X, Sep 5, 2025.

According to AveryChing on Twitter, his extensive track record in scaling high-performance systems—including supercomputing software, web search, Meta's data infrastructure, Libra/Diem, and now Aptos—reinforces confidence in Aptos's future scalability and reliability. This history of delivering robust, scalable solutions is critical for traders monitoring APT, as network efficiency and throughput directly impact transaction costs, on-chain activity, and ultimately, APT price movements. Source: AveryChing Twitter, May 9, 2025.