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The term originates from libra, the largest unit of the Carolingian monetary system used in Western Europe and elsewhere from the 8th to the 20th century. [2] The Carolingian system is the origin of the French livre tournois (predecessor of the franc ), the Italian lira, and the pound unit of sterling and related currencies.
Diem (formerly known as Libra) was a permissioned blockchain-based stablecoin payment system proposed by the American social media company Facebook.The plan also included a private currency implemented as a cryptocurrency.