David Marcus is leaving Facebook (now Meta) with the company’s Libra (now Diem) stablecoin yet to be fully launched.
He said Tuesday on Twitter he was stepping down as Meta’s crypto lead and leaving the company, suggesting he’d return to his “entrepreneurial” roots.
Marcus leaves the Diem stablecoin project, first announced in June 2019, as it continues to face stiff regulatory headwinds.
While there’s still so much to do right on the heels of launching Novi — and I remain as passionate as ever about the need for change in our payments and financial systems — my entrepreneurial DNA has been nudging me for too many mornings in a row to continue ignoring it. (2/7)
— David Marcus (@davidmarcus) November 30, 2021
An email to a Meta spokesperson was not immediately returned.
This is a developing story and will be updated.