| Founded | 2017 |
|---|---|
| Closed | 2018 |
| Country | USA |
| Sector | Crypto |
| Collapse type | Regulatory Kill |
Basis (Basecoin)
"Algorithmic stablecoin returned $133 million to investors when securities law made it impossible"
Forced closure by regulatory action
Key Events Timeline
Basis (originally Basecoin) raised $133M from Bain Capital Ventures, GV, Andreessen Horowitz, and others for an algorithmic stablecoin that maintained a $1 peg through a three-token system: Basis coins, bonds, and shares.
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