Diem Networks U S news and trends

Silvergate Bank To Issue Facebook-Backed Diem’s Stablecoin

May 12, 2021
Silvergate Bank To Issue Diem’s Stablecoin
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Silvergate Bank To Issue Facebook-Backed Diem’s Stablecoin

May 12, 2021
The Diem Association, a nonprofit with strong ties to Facebook, has moved its main operations to the United States from Switzerland, according to a press release. Diem, which grew from Facebook’s controversial Libra digital currency effort and is run by 26 members, also said in the release that a wholly owned subsidiary, Diem Networks U.S., […]