Silvergate’s Acquisition of Diem’s Assets Positive for Stablecoin Launch, Analysts Say

Silvergate's Acquisition of Diem's Assets Positive for Stablecoin Launch, Analysts Say

Silvergate Capital’s planned stablecoin could benefit from the distribution and potential partnerships with Diem Association members and other money service providers, Wedbush analysts said in a note following news of the crypto firm’s deal to buy assets of Meta’s Diem.

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