US Stablecoin Project Basis Raises $133 Mln From Major VC Firms

Cointelegraph

Published Apr 18, 2018 01:53PM ET

Updated Apr 18, 2018 03:02PM ET

US Stablecoin Project Basis Raises $133 Mln From Major VC Firms

The US-based Blockchain project Basis (formerly known as Basecoin), which claims to provide a non-volatile cryptocurrency or stablecoin, has recently raised $133 mln in funding from big name investors, according to an official blog post published today, April 18.

Basis announced today that they had raised $133 mln in private placement from a slew of major venture capital players, including Bain Capital Ventures and Andreessen Horowitz.

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