Basis, backed with $133 million from top VCs to build a price-stable cryptocurrency, says it’s shutting down and returning the money
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Basis, backed with $133 million from top VCs to build a price-stable cryptocurrency, says it’s shutting down and returning the money
Earlier this year, we told you about a now 18-month-old, Hoboken, N.J.-based cryptocurrency startup working on a “stable coin” whose elastic supply would ostensibly expand and contract to keep its value at about a dollar instead of all over the map. The compa…
