Article By:
Tyler Durden
Wednesday, May 12, 2021 6:53 PM EDT
Silvergate Capital SI soared over 20% in after-hours trading following an 8K announcing that it will become the exclusive issuer of DiemUSD, the stablecoin formerly known as Libra, and which is backed by Facebook.
Libra Is Coming: Will FB Liberate Or Liquidate The Crypto Market?
Soon, social distancing will prevent people from using actual cash. And global currencies may collapse under the strain of COVID-19. I think people will start flocking towards crypos like #Libra. $LIBRA $FB
Libra: Facebook’s Audacious Bid For Global Monetary Control
Thanks @[Mark Borkowski](user:33539), this is a lot of pertinent info that was not in the original article but important to know! Makes me realize the hype over #Facebook's #Libra may be more overplayed than I realized. $FB $LIBRA