Facebook Gives Up On Lofty Stablecoin Ambitions As Diem Sells Assets To Silvergate For $200 Million

Facebook Gives Up On Lofty Stablecoin Ambitions As Diem Sells Assets To Silvergate For $200 Million

Facebook’s ambitious cryptocurrency project has met an unceremonious end. Recent reports reveal the Diem Association will be selling the technology behind Diem stablecoin to NYSE-listed crypto bank Silvergate Capital. Facebook Controversial Diem Project Is Dead ZyCrypto reported earlier that the Diem Association, the Facebook-led group looking to create a stablecoin,…
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