FinancialBuzz.com’s latest The Buzz Show: Featuring Our Corporate News Recap on “Silvergate Capital Corp Surges Amid Partnership with The Diem Association”
Silvergate Capital Corp (NYSE: SI) opened 10% higher after The Diem Association Announced a Partnership with Silvergate.
Under this partnership, Silvergate Bank, a California state-chartered bank and a member of the Federal Reserve, will become the exclusive issuer of the Diem USD stablecoin and will manage the Diem USD reserve.
Silvergate Capital Corporation (NYSE: SI) is the leading provider of innovative financial infrastructure solutions and services for the growing digital currency industry. The Company’s real-time payments platform, known as the Silvergate Exchange Network, is at the heart of its customer-centric suite of payments, lending and funding solutions serving an expanding class of digital currency companies and investors around the world. Silvergate is enabling the rapid growth of digital currency markets and reshaping global commerce for a digital currency future.
For more information, please visit: Silvergate Capital Corporation
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