Libra Association

The Libra Association is a global organization founded by Facebook (now Meta) to support and govern the Libra digital currency project, later rebranded as Diem. Comprising various companies and non-profits worldwide, the association's role is to oversee the development, regulation, and stability of the currency, aiming to enable easier international transactions. It functions as a trusted group that ensures the project adheres to financial and security standards, promoting financial inclusion and innovation while providing oversight beyond Facebook itself.