2/4 Diem is simplifying its plans for a Diem USD stablecoin issuance by moving its main operations to the US, bringing the project into the US regulatory perimeter. Diem will run its blockchain-based payment system from the US.
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1/4 Diem is pleased to announce a partnership with @silvergatebank, a leader in financial innovation, for Silvergate to be the exclusive issuer of the Diem USD. Silvergate is a CA state-chartered bank and member of the Federal Reserve.
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Is diem a stable coin ??
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Nice. Congrats. Seeing as the
@USOCC already approved stablecoin blockchains in the USA (here: https://www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-2.html …), is your launch a foregone conclusion now and likely imminent?Thanks. Twitter will use this to make your timeline better. UndoUndo
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3/4 The shift means that Diem won't require a license from FINMA. "The project has benefited greatly from [...] the constructive feedback from FINMA and more than two dozen other regulatory authorities from around the world convened by FINMA [...]" said Stuart Levey, Diem's CEO.
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4/4 This is an important step towards a blockchain-based payment system that protects consumers and the integrity of the financial system, combats financial crime, drives competition, and fosters inclusion.https://www.diem.com/en-us/updates/diem-silvergate-partnership/ …
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That's a stablecoin, right?
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Nice
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Wheres chainlink?? A complete failure if you don't integrate
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