Top Stablecoin ‘Basis’ May Shut Down Due to Regulation: What Went Wrong?

On December 13, Frank Chapparo at The Block reported that Basis, a crypto stablecoin project that raised around $133 million in April, is terminating its operations and is in the process of returning the capital it raised to its investors. The project was funded by some of the largest venture capital firms in the technology space […]
Source: Bitcoin CNN