Cointastical ☑️May 13, 2021

Diem leaves Switzerland for US, announces plan to work with Silvergate on dollar-backed stablecoin

https://www.theblockcrypto.com/linked/104696/diem-leaves-switzerland-for-us-announces-plan-to-work-with-silvergate-on-dollar-backed-stablecoin

"Libra Association then [pivoted from planning] a "basket of currencies" to [planning a] USD-backed stablecoin.

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Silvergate to be the Exclusive Issuer of U.S. Dollar Backed Stablecoins by Diem:
https://ir.silvergate.com/news/news-details/2021/Silvergate-to-be-the-Exclusive-Issuer-of-U.S.-Dollar-Backed-Stablecoins-by-Diem/default.aspx

#Bitcoin #Facebook #Diem #DiemAssociation #Libra #LibraAssociation #CH 🇨🇭 #US 🇺🇸 #USD #Stablecoin #Silvergate #SilvergateBank #TheBlock #TheBlockCrypto

Diem leaves Switzerland for US, announces plan to work with Silvergate on dollar-backed stablecoin

Diem has also named Silvergate Bank as the exclusive issuer of its much-delayed USD-backed stablecoin, though it has not given a launch date.