Mark Zuckerberg’s stablecoin project Diem officially shuts down

The Cointelegraph

01 Feb 2022 0 shares 1 views

The Cointelegraph

Published 01 Feb 2022

Meta has officially given up on its stablecoin project Diem after more than two years of efforts to launch the digital currency.

Mark Zuckerberg's ambitions for a Facebook cryptocurrency are officially over. A crypto bank that snapped up its 'Diem' project now plans to issue a stablecoin of its own this year.

Silvergate said the assets it bought from Diem include development, deployment, and operation tools to run a blockchain-based..

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