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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.
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.
is this centralized coin ?
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