in ,

Breaking: Crypto Stablecoin Basis Reportedly Shutting Down


A stablecoin with some huge backers in the world of finance and technology is shutting its doors, according to a new report. Basis, which raised $133 million from Alphabet’s venture capital arm GV, Baincapital Ventures, Andreessen Horowitz and others, is closing its doors due to regulatory issues, reports The Block. Basis plans to return most of […]

The post Breaking: Crypto Stablecoin Basis Reportedly Shutting Down appeared first on The Daily Hodl.



Read Full Story : The Daily Hodl

2018-12-13 03:19:51

What do you think?

0 points
Upvote Downvote

Written by Dailyhodl

Hyperledger Onboards 12 New Members Including Alibaba Cloud, Deutsche Telekom and Citi

Major Stablecoin Basis to Close, Return Funds to Investors: Sources