Meta officially confirms the shutdown of its stablecoin project Diem

After years of considerable efforts to move forward with the idea, Meta, formerly known as Facebook, has officially declared the termination of its global digital currency project Diem. Meta is selling intellectual property and other assets in relation to the stablecoin project to its Silvergate Capital Corporation, according to Diem CEO Stuart Levey, who announced the decision on […]The post Meta officially confirms the shutdown of its stablecoin project Diem appeared first on Blockchain, Crypto and Stock News.