HomeTechnologySilvergate Bank confirms it's purchasing the Diem Association's IP and other assets,...

Silvergate Bank confirms it's purchasing the Diem Association's IP and other assets, issuing $132M in stock and paying an additional $50M in cash for the deal (Nikhilesh De/CoinDesk)


Nikhilesh De / CoinDesk:

Silvergate Bank confirms it is purchasing the Diem Association’s IP and other property, issuing $132M in stock and paying an additional $50M in cash for the deal  —  Facebook (now Meta) is formally winding down the stablecoin mission it introduced in June 2019.

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