The Diem Association announced a strategic partnership with the crypto-friendly US bank – Silvergate Bank. Consequently, both parties plan to launch a stablecoin pegged to the American dollar. Additionally, the Association will relocate from Switzerland to the United States.
A New Home for Diem
The blockchain-based payment system Diem, launched by the social media behemoth Facebook, announced a new model of its impending stablecoin. The project – formerly known as Libra – partnered up with the crypto-friendly bank Silvergate to ensure the stability of its upcoming implementations.
The American bank will become the exclusive issuer of the Diem USD stablecoin and will stay in charge of the Diem USD reserve. In its turn, Diem Network US will manage the Diem Payment Network (DON) – a blockchain-based payment system that assists the development of stablecoins among the approved participants.
Stuart Levey – CEO of Diem – shared his thoughts about the mutual partnership with the U

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Źródło: https://cryptopotato.com/diem-relocates-from-switzerland-to-the-us-to-launch-an-usd-backed-stablecoin/