Introduction by Graham Broyd, article by Bloomberg
Big congratulations to our friends and colleagues at Silvergate. The exclusive issuer of Facebook’s Diem StableCoin. A cryptocurrency tied to the value of the US Dollar – thus eliminating currency volatility. With access to over a billion clients via Facebook. And issued by a Bank already under Federal Reserve and FDIC regulation and supervision. And now publicly announcing that they are there to support the Central Banks as they develop their GovCoins and progress towards frictionless payments.