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Mark Zuckerberg’s stablecoin project Diem officially shuts down -Breaking

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© Reuters.

Meta, previously referred to as Facebook (NASDAQ): has now officially closed its Diem digital currency project. This announcement comes after many years and major effort by the company.

AnnouncingThe Diem CEO Stuart Levey announced the good news Monday. Meta is selling intellectual properties and other assetsrelated to Diem to Silvergate Capital (NYSE) Corporation

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