Meta Says Adios to Diem – But Its Buyer Wants to Launch a Token of its Own
Meta, the company formerly known as Facebook, is set to wash its hands of its ill-fated Diem stablecoin plans once and for all – but there may yet be a twist in the tale as the firm that will buy the coin’s assets and in...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Meta, the company formerly known as Facebook, is set to wash its hands of its ill-fated Diem stablecoin plans once and for all – but there may yet be a twist in the tale as the firm that will buy the coin’s assets and intellectual property (IP) could yet launch a token of its own.
Silvergate Capital, a banking firm with digital asset interests and a sometime Diem partner confirmed to CNBC that it intends to launch a stablecoin by the end of this year....
Read More: Meta Says Adios to Diem – But Its Buyer Wants to Launch a Token of its Own
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Why XRP’s 63 billion circulating tokens don’t tell buyers what’s for sale
For XRP buyers, available supply depends on the price they are willing to pay. The token's roughly 63.09 billion circulating suppl...
Securitize launches tokenized Apple, Nvidia, and Tesla stocks on Solana
Tokenizing stocks on Solana could democratize access to equities, enhance liquidity, and pave the way for 24/7 trading, reshaping...
Securitize launches 1:1-backed tokenized stocks, starting with Apple, Nvidia, Strategy and more
Securitize launches tokenized US stocks on Solana, backed 1:1 by real shares with dividends and USDC settlement.
Tokenized equities top 1% of stablecoin supply as on-chain stock trading hits a record
The rise in tokenized equities highlights growing blockchain integration in finance, potentially reshaping liquidity and trading d...
Securitize launches tokenized US stocks on Solana
Tokenized stocks on Solana could revolutionize equity trading by enhancing liquidity, accessibility, and compliance within digital...
ESMA orders MiCA firms to halt services for non-compliant stablecoins
The EU's deadline for crypto firms to drop non-compliant stablecoins like USDT may reshape market dynamics and regulatory strategi...