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Future of Diem hangs in the balance as Novi looks for an alternative

Quick Take

  • A months-old partnership between Silvergate and the Diem Association has apparently hit regulatory headwinds.
  • Now Novi, Facebook’s crypto wallet subsidiary, is looking for a different stablecoin.
Facebook's stablecoin project has run into yet another delay, and now its crypto wallet subsidiary is looking for a new stablecoin.

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