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Silvergate Purchases Diem Operations
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[QUOTE="Yusra3, post: 211490, member: 31907"] Silvergate Capital, an installments administrations organization, has obtained Diem, a stablecoin installments framework initially put into gear by Facebook (presently Meta), to coordinate it into its tasks. The declaration was made on January 31st, when the organization clarified the subtleties of the reputed activity. The arrangement incorporates the acquisition of licensed innovation and other innovation resources connected with running a blockchain-based installment network from the Diem Group, as indicated by an official statement. Silvergate Capital plans to use the gained resources for issue its very own stablecoin, with the help of a California-sanctioned and Federal Reserve part bank like the Silvergate Bank, an auxiliary of the organization. [/QUOTE]
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