2022-02-01
1/7 From the statement by the CEO Stuart Levey on the sale of the Diem group's assets to Silvergate — “From the outset, the Diem project has been focused on leveraging the benefits of blockchain technology to design a better and more inclusive payment system. https://twitter.com/...
CoinDesk
Silvergate Bank acquires the Diem Association's tech and other assets by issuing $132M in stock and paying $50M in cash and aims to debut a stablecoin in 2022
The Diem Association is shutting down. — Silvergate Bank confirmed Monday that it's purchasing the technology and other assets from Diem …
7/7 In the United States, a senior regulator informed us that Diem was the best-designed stablecoin project the US Government had seen." Full statement: https://www.prnewswire.com/...
CoinDesk
Silvergate Bank acquires the Diem Association's tech and other assets by issuing $132M in stock and paying $50M in cash and aims to debut a stablecoin in 2022
The Diem Association is shutting down. — Silvergate Bank confirmed Monday that it's purchasing the technology and other assets from Diem …
2021-05-13
1/4 Diem is pleased to announce a partnership with @silvergatebank, a leader in financial innovation, for Silvergate to be the exclusive issuer of the Diem USD. Silvergate is a CA state-chartered bank and member of the Federal Reserve.
CNBC
Facebook's Diem says it has withdrawn its application for a Swiss payment license and will shift its operations to the US via a California state-chartered bank
- Diem, the digital currency project backed by Facebook, has abandoned plans to secure a payment license from Switzerland's FINMA watchdog.
2020-12-02
Diem. A new name for a new day, when it's easy, secure, and affordable to send money anywhere. Together, we're building a trusted, #innovative financial network for people and businesses around the world. Come see our work: https://www.diem.com/... https://twitter.com/...
CoinDesk
Libra Association changes its name to the Diem Association, distancing itself from Facebook, plans to launch the “Diem dollar” when the new entity is licensed
the goal from day 1!—and I can't wait to show you what we're building @Novi. https://twitter.com/... Kari Paul / @kari_paul : Remember Facebook's bitcoin project? It is now called ...