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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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Facebook-backed Diem Association reportedly to launch stablecoin pilot in 2021

An anonymous source has told reporters that the first Diem pilot will focus on transactions between individual consumers.

Facebook-backed digital currency project Diem could yet launch its first stablecoin in 2021 as a small-scale pilot, according to an anonymous source. 

Cited in a CNBC report published on April 20, the source claimed that the Switzerland-based nonprofit The Diem Association is still intending to launch its pilot for a United States dollar-backed stablecoin later this year. 

Back in Nov. 2020, the association had already announced its plans for a limited launch of a U.S.-dollar stablecoin this January, yet as the months have since passed, the currency is yet to see the light of day. 

Diem's stablecoin is a significantly scaled back and rebranded version of Facebook's initial vision for a global digital currency, native to its platform, that would be tied to a basket of multiple fiat currencies. Aside from shedding the name Libra, commentators have pointed to the thoroughgoing changes to Diem's evolving project in response to a striking pushback from global regulators and nation-states. 

Ran Goldi, CEO of First Digital Assets Group, told CNBC that Diem's underlying technology has “changed dramatically over the past year and a half from a naive blockchain to a very sophisticated blockchain that you can see is trying to answer some of the questions that regulators had.” First Digital Assets Group is currently building infrastructure for merchants to facilitate Diem's use as a means of payment.

Diem meanwhile continues to await regulatory approval and the granting of a payments license from the Swiss Financial Market Supervisory Organization. Commentators speaking to CNBC were optimistic, with Chainalysis CEO Michael Gronager saying:

“I think it [Diem] will get past the gates this year. It would be a missed opportunity if not.”
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