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Silvergate Capital Purchases Diem Operations to Develop Own Stablecoin
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Silvergate Capital, an investment firm that is the parent company of the Silvergate Bank, acquired the technology and assets of Diem, the formerly Facebook-backed stablecoin payment system. The payment totaled $182 million. The technology and assets acquired will reportedly be used for the launch of a Silvergate branded stablecoin. Silvergate Purchases Diem Operations Silvergate Capital, […]https://news.bitcoin.com/silvergate-capital-purchases-diem-operations-to-develop-own-stablecoin/
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