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even that did not appease the regulators as they argued such a stablecoin would create financial stability issues.Diem would implement a single stablecoin pegged to the US dollar rather than a basket of stablecoins backed by individual global fiat currencies.

but the struggle got harder when it was revealed last October that Metas Novi project would be using the Pax Dollar stablecoin (USDP) to complete user transactions rather than Diem.The group is also seeking new employment opportunities for its engineers following the imminent close of business.Bloomberg reports that the project executives have been speaking to investment bankers to initiate a sale of its assets and return the money to the initial investors.

Never-ending tussles with regulatorsDiem has frequently seen pushback from regulators on several issues throughout its runThis new valuation is at par with the target set by FTX chief executive Sam Bankman-Friend last December.

FTX US intends to introduce new offeringsFTX US president Brett Harrison noted that the fresh capital places the exchange in a position to actualise its expansion ambitions.

[The] Series A valuation reflects both what weve concretely accomplished and what weve laid the groundwork for in 2022.[Disclosure: I serve as an advisor to Joonko.

And algorithms arent equally good at solving them.the technology-based changes can be reinforced by other strategic programs youre running.

in partnership with Microsoft.they have the potential to damage your processes or culture.