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
Tether has publicly listed a company that partially controls USDS
Tether invested $134 million in failing biopharmaceutical firm NovaBay in March, turning it into a stablecoin holding company. The...
Mantle tracks $820M in stablecoins and tokenized assets with new public dashboard
Mantle's transparency initiative could enhance trust and adoption in tokenized finance, potentially reshaping the Layer 2 ecosyste...
Self launches stablecoin distribution program for USA₮ on Celo
The program enhances financial inclusion by securely distributing stablecoins while preserving user privacy, potentially reshaping...
Virtuals Protocol launches Eastworlds, a robotics data lab built to feed its tokenized AI economy
Eastworlds' integration of robotics data into a tokenized AI economy could revolutionize AI training, impacting industries globall...
Neuberger Berman and Securitize Introduced HINC – TheirFirst Tokenized Fund
Key Takeaways: Neuberger Berman and Securitize have introduced their first tokenized fund called HINC. Investors can participate i...
Trump wants the US to become a Bitcoin whale, but Congress controls the wallet
President Donald Trump said on Aug. 20 that the US is considering accumulating sizable amounts of Bitcoin and other cryptocurrenci...