Crypto Bank Silvergate To Become Issuer of Facebook-Backed Diem Stablecoin
Diem Association announced its partnership with crypto-friendly bank Silvergate. Diem formerly known as Facebook’s Libra project. Association withdraws an application for payment system license in Switzerland. Diem Association, a blockchain-based payment system announces its partnership with Silvergate to launch U.S. dollar-denominated Stablecoin. Stablecoins are cryptocurrencies, whose value ties to other