U.S. markets open in 1 hour 58 minutes
  • S&P Futures

    4,391.00
    -42.00 (-0.95%)
     
  • Dow Futures

    34,573.00
    -170.00 (-0.49%)
     
  • Nasdaq Futures

    14,934.25
    -260.50 (-1.71%)
     
  • Russell 2000 Futures

    2,265.90
    -11.10 (-0.49%)
     
  • Crude Oil

    76.19
    +0.74 (+0.98%)
     
  • Gold

    1,732.60
    -19.40 (-1.11%)
     
  • Silver

    22.17
    -0.52 (-2.29%)
     
  • EUR/USD

    1.1690
    -0.0011 (-0.09%)
     
  • 10-Yr Bond

    1.4840
    0.0000 (0.00%)
     
  • Vix

    21.09
    +3.34 (+18.82%)
     
  • GBP/USD

    1.3613
    -0.0091 (-0.67%)
     
  • USD/JPY

    111.4230
    +0.4450 (+0.40%)
     
  • BTC-USD

    42,048.66
    -1,648.28 (-3.77%)
     
  • CMC Crypto 200

    1,043.58
    -57.94 (-5.26%)
     
  • FTSE 100

    7,030.97
    -32.43 (-0.46%)
     
  • Nikkei 225

    30,183.96
    -56.10 (-0.19%)
     

How Silvergate Capital Will Make Money on Stablecoins and Through Its Partnership With Facebook

·3 min read
How Silvergate Capital Will Make Money on Stablecoins and Through Its Partnership With Facebook
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

In May, Silvergate Capital (NYSE: SI), a bank that operates in the cryptocurrency space, struck a blockbuster partnership with Facebook to become the exclusive issuer of the Diem U.S. dollar stablecoin, formerly known as Facebook's Libra project. Not only will Silvergate become the exclusive issuer of the Diem, but it will also manage the Diem reserve. Let's take a look at how Silvergate is positioned to drive revenue from stablecoins and its partnership with Facebook.