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Facebook-backed Diem Association Confirms Asset Sale to Silvergate
February 1st, 2022 - 12:26 GMT

Facebook-backed Diem Association Confirms Asset Sale to Silvergate

Mark Zuckerberg's ambitious crypto project, Diem, has officially come to an end. The Diem Association confirmed that the selling of it intellectual property and other assets to Silvergate Capital Corp., the bank that had previously partnered with the group. The cryptocurrency initiative, previously known as the Libra Association , had reportedly hoped to launch its stablecoin last January. However, the group kept facing challenges and hurdles from regulators and lawmakers ...
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