The Diem Association, the Meta Platforms-led enterprise that was looking to issue a new, user friendly stablecoin, is selling its technology to Silvergate Capital for $200 million JPRubin23 reports
The Diem Association, the Meta Platforms-led enterprise that was looking to issue a new, user friendly stablecoin, is selling its technology to Silvergate Capital for $200 million, The Wall Street Journal reported, citing an unnamed source.
Diem was in discussions with investment bankers to sell its intellectual property to return money to investors, Bloomberg reported on Tuesday, citing unnamed sources. In December 2020, the Libra Association rebranded as Diem to try a different approach, but the initiative continued facing headwinds, including the departure of key executives.
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Meta-backed Diem in talks to sell off assets: reportThe Diem Association, formerly known as Libra, is reportedly in talks over selling off its assets to return capital to investors.
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Mark Zuckerberg's Meta in Talks to Sell Assets in Crypto Project Diem: Report – Regulation Bitcoin NewsMeta, formerly Facebook, is reportedly in talks with investment bankers to sell its assets in the crypto project Diem, formerly Libra.
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Facebook's Diem Digital Currency is Dead, Report Says | CoinMarketCapFacebook's Diem digital currency is dead 😵 That's according to Bloomberg News, which reveals the Diem Association is considering whether to sell its intellectual property ❌
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Facebook's Failed Cryptocurrency Project 'Diem' Is Now Up For SaleRegulatory scrutiny dealt the 'final blow'. 🤓 engineering
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Facebook-backed Diem Association may be close to dissolving | EngadgetThe Diem Association is reportedly “weighing a sale of its assets as a way to return capital to its investor members,” Bloomberg reports,.
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Meta’s Cryptocurrency Project Diem Could Go for Sale (Report)The Diem Association (formerly known as Libra) is reportedly exploring ways to sell its assets.
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