Facebook To Launch Diem Stablecoin

Published on: 13.05.2021

Facebook-backed Diem Association will launch its Diem stablecoin.

A report fron Reuters states Facebook’s digital currency group Diem Association will launch its USD-pegged stablecoin dubbed Diem USD.

With this announcement comes certain changes on the operation that includes shifting to the Unites States from Switzerland as its main country.

Diem Association’s unit, the Diem Network US will run a blockchain-based payment system that allows real-time transfer of Diem stablecoins.

It also partnered with California-based Silvergate bank for the issuance and storage of Diem USD stablecoin.

This development comes as good news for the Facebook project that has seen pushbacks due to regulatory concerns.

#SmartCrypto

 

 

 

Market Stats:
BTC Dominance: 58.29%(+0.07%/24h)
ETH Dominance: 12.95%(-0.03%/24h)
Defi Market Cap: $157.87B(-12.38%/24h)
Total Market Cap: $4216.89B(+1.08%/24h)
Total Trading Volume 24h: $196.65B(-15.54%/24h)
ETH Market Cap: $545.94B
Defi to ETH Ratio: 28.92%
Defi Dominance: 3.65%
Altcoin Market Cap: $1758.86B
Altcoin Volume 24h: $131.18B
Total Cryptocurrencies: 36248
Active Cryptocurrencies: 9521
Active Market Pairs: 112491
Active Exchanges: 856
Total Exchanges: 11242
BTC: 123329.4$(-0.05%/1H)
ETH: 4524.23$(-0.14%/1H)
AVAX: 28.85$(-0.24%/1H)
BNB: 1297.04$(-0.99%/1H)
MATIC: 0$(0.95%/1H)
FTM: 0$(-0.27%/1H)
ADA: 0.84$(-0.2%/1H)
DOT: 4.2$(-0.44%/1H)
UNI: 8.09$(-0.06%/1H)
CAKE: 4.03$(-2.52%/1H)
SUSHI: 0.72$(-0.33%/1H)
ONE: 0.01$(-0.58%/1H)