Diem
Blockchain-based stablecoin payment system
Diem Association
@Diem AssociationFollowers60.60 K
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Instant payment systemDiem is a blockchain-based stablecoin payment system proposed by Meta. It incorporates three aspects to create a more inclusive financial system: 1) A secure, scalable, and reliable blockchain as the technological backbone; 2) Diem Coins backed by a reserve of assets consisting of cash or cash equivalents and very short-term government securities; and 3) Governance by the independent Diem Association and its subsidiary Diem Networks, responsible for developing and operating the payment system.
Investors
Silvergate CapitalFundrasing details
| Funding Round | Amount | Valuation | Date | Investors |
|---|---|---|---|---|
M&A | $182.00M | -- | 2022-01-31 |  Silvergate Capital |