ALGORITHM ON JULY

Facebook Is Canceling Its Diem

Facebook is canceling its Diem stablecoin after three years of development. However, the project is not entirely dead yet. The Facebook-backed Diem cryptocurrency

Facebook's Diem Stablecoin Project Sold to Silvergate

Diem Announces Partnership with Silvergate and Strategic Shift to

Diem Has Built A Blockchain

Meta’s cryptocurrency ambitions end with sale of Diem

Who is Silvergate Bank that took over Facebook's Diem? - iNEWS

Diem has built a blockchain-based payment system to support financial inclusion and responsible financial services innovation. Silvergate will become the exclusive

On

On, when the Diem Association announced that it would abandon its plan to register with the Swiss financial regulator FINMA after a series of landing blocks, and returned

Silvergate Purchases Blockchain Payment Network Assets from Diem

Through its close partnership with Diem, Silvergate has gained deep familiarity with the network and developed strong appreciation for its potential to enable a Silvergate-issued stablecoin

Silvergate Will Acquire Assets Behind Facebook's Diem Stablecoin

The road ahead for Meta’s Diem under Silvergate