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’s purchasing the Diem Association’s IP and other assets, issuing $132M in stock and paying an additional $50M in cash for the deal  —  Facebook (now Meta) is officially winding down the stablecoin project it announced in June 2019.