HACKERNOON

Last updated: June 18, 2025, 07:57  |  Written by: Brad Garlinghouse

Hackernoon
Hackernoon

Facebook Is Canceling Its Diem

Silvergate Will Acquire Assets Behind Facebook's Diem Stablecoin

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

The road ahead for Meta’s Diem under Silvergate

Meta’s cryptocurrency ambitions end with sale of Diem

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

Facebook's Diem Stablecoin Project Sold to Silvergate

On

Diem Announces Partnership with Silvergate and Strategic Shift to

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

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

Through Its Close Partnership With

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 Purchases Blockchain Payment Network Assets from Diem

Brad Garlinghouse can be reached at [email protected].

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