Diem, a cryptocurrency project led by Meta, will be sold for $200 million.
According to reports, Silvergate will pay for the offloading of Diem's crypto technology by the Facebook-led Diem group. Source: Meta
Diem Considers Selling Intellectual Property to Returning Investors – Is Facebook’s Stablecoin Dream Over?
Diem — the Meta-backed crypto initiative — is reportedly trying to sell its assets, seemingly putting an end to Facebook
Meta Is Rumored To Be Looking To Sell The Diem Stablecoin Project And Assets.
Meta intends to sell Diem due of regulatory issues. The corporation intends to repay funds to investors while also relocating