CoinDesk: Diem Confirms Shutdown as Silvergate Acquires the Project's Assets
CoinDesk's Nikhilesh De weighs in on Silvergate Bank confirming Monday it's purchasing the technology and other assets from Diem, the stablecoin project from Meta Platforms (formerly Facebook) announced as Libra in June 2019. "Even though it never launched, I think it's probably got the most significant regulatory impact of any single in the last couple years," De said.
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