Home Gadgets Facebook’s Crypto Project Is Officially Dead

Facebook’s Crypto Project Is Officially Dead

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Facebook’s long-term stablecoin project, Diem, is finally shutting down. On Monday, an outside investment firm, Silvergate Bank, confirmed it was buying $182 million worth of Diem assets from the tech giant, marking the end of a long-coming—and pretty tumultuous—exit.

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Source: gizmodo.com