Silvergate Bank Is Buying Assets of Diem for $182 Million
The Facebook-led stablecoin consortium, the Diem Association has confirmed on Monday that it is selling its assets to Silvergate Bank, thus making an exit from the ambitious cryptocurrency project.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
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
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